World news about “Greek economy” published by euronews.
Pro-drachma party launches urging Greece to leave the euro A political party in Greece is calling for the country to leave the euro and go back to using the drachma as its national currency. Plan B held its first… 19/05/2013
Greece seeks Chinese investors Greece’s prime minister is in China seeking investment and trade deals to help revive his country’s recession-battered economy. Antonis Samaras and the… 16/05/2013
Fitch upgrades Greece’s credit ratingRatings agency Fitch upgraded its sovereign credit rating for Greece by one notch on Tuesday, citing progress in cutting its budget deficit and the risk of a… 14/05/2013
Greek price drop offers help to households Consumer prices have fallen in Greece for the second month in a row. The country is entering deflation for the first time since 1968. Economists say lower… 10/05/2013
Greece: 15,000 public sector jobs cut to secure bailout money The dust is beginning to settle in Athens following the approval of mass layoffs of government workers by the parliament on Sunday. Over 15,000 people face… 29/04/2013
Greece: public sector workers austerity protest – nocomment Public sector workers demonstrated in the Greek capital on Friday, as parliament prepared to vote on the latest round of government austerity measures… 27/04/2013
Greece reaches bailout deal, Portugal offers new austerity Greece has been given a clean bill of health by the “troika” of creditors – the European Commission, International Monetary Fund and European Central Bank –… 15/04/2013
‘Sleep Out’ protesters warn entire families will be homeless in Greece A sombre protest snakes its way through the Greek capital. The Sleep Out day is aiming to wake up politicians to the plight of the homeless. Greece is five… 12/04/2013
Greek unemployment hits 27 percent A new record for unemployment in Greece. It was 27.2 percent of the workforce in January – up from 25.7 percent in December. The speed of the rise in… 11/04/2013
Negative inflation in Greece from deep recession Inflation in Greece was negative last month for the first time in 45 years. That is because prices are being pushed down by the country’s deep… 09/04/2013
Greece’s National Bank and Eurobank face nationalisation Shares in Greek lenders National Bank and Eurobank have plunged as they put a full merger on hold and said they cannot raise enough money to rebuild their… 08/04/2013
Samaras says Greek economy recovering Greece’s prime minister has said the economy is showing signs of recovery, as the country’s creditors returned to Athens to check the government is meeting… 04/04/2013
Greece’s Tsipras anxious for a Venezuela without Chavez Greek opposition leader Alexis Tsipras was one of the few European representatives in Caracas for President Chavez’s funeral. Our correspondent asked him how… 08/03/2013
Grim Greek jobless total hits 27 percent Greece’s jobless rate has hit a new record of 27 percent as the austerity-fuelled recession there continues to take its toll on the labour market. That was… 14/02/2013
Jobs carnage continues in Greece Greece’s unemployment rate climbed to a new record of 28.6 percent of the workforce in October. The number of people who are out of work has almost tripled… 10/01/2013
Upgrade good news for Greece Greece’s borrowing costs have fallen after Standard & Poor’s lifted its assessment of the country’s credit rating. That means the credit agency’s assessment… 19/12/2012
Christmas cheer limited in Greece The people of Greece end the year under foreign guardianship and with tax reforms imminent. It has been their fifth consecutive year of recession. Only… 18/12/2012
Greeks face grim Christmas and taxing new year Greeks are facing a more taxing time ahead as the government formally unveiled a bill intended to boost its tax revenue from companies and… 14/12/2012
Greek unemployment climbs The jobs news from Greece continues to be relentlessly bad. The latest official figures for the third quarter of the year show the jobless rate rose to… 13/12/2012
Greek debt buyback a partial successs Greece’s attempt to reduce its debt has been only a partial success. Athens was able to buy back more of its long term government bonds that it had… 11/12/2012
The EU: a double-edged sword for Greece For the past three years, Greece has been a symbol of the eurozone crisis. A symbol it would like to get rid of. Yet now, it has become another symbol –… 07/12/2012
Greek bond buyback scheme key to economic stability Greece’s plan to buy back bonds from private investors must work according the Greek Finance Minister Yannis Stournaras. The bond buyback is a part of the… 28/11/2012
Greek bank stocks drop despite EU/IMF deal Greek bank stocks dropped ten per cent amid fears that the Greek debt buyback plan will further erode their diminishing capital base. The stocks fell… 27/11/2012
Greece waits for eurozone decision What to do with a problem like Greece, a seemingly enduring crisis? Eurozone finance ministers meeting in Brussels on Monday ruled out an immediate decision… 12/11/2012
Greece hopes for tourists We may be in the midst of a economic crisis, but people are still going to take holidays – aren’t they? That’s the hope of participants at the World Travel… 09/11/2012
Greek business clusters together to find strength in numbers Just north of Athens there is one of the country’s biggest solar energy farms. Monitoring everything is a system installed by a company with Vassilis Nellas… 07/09/2012
Credit Agricole’s Emporiki sale soon Credit Agricole has said it hopes to complete talks on the sale of its troubled Greek bank Emporiki within weeks. Three Greek bidders are interested in… 28/08/2012
Greece and Spain worries persist Back after the summer break, Europe weekly reviews important European news of the past week. The German and French leaders met in Berlin to define a common… 24/08/2012
Greek leaders delay austerity decisions Greece’s ruling politicians have delayed a decision on almost 12 billion euros worth of spending cuts demanded as a condition for its latest bailout. An… 18/07/2012
Carrefour calls it a day in Greece Europe’s number one retailer Carrefour is selling out of Greece. The company says it is selling to its joint-venture partner Marinopoulos, which will retain a… 15/06/2012
Greece’s mixed feelings about outsiders Tourism in Greece had earnings down 15 percent in the first three months of the year, and on the eve of its desperate elections tourists are clearly shying… 14/06/2012
Greece sacking to survive Greece is far from the only country in the world where public sector workers make up a large part of the total workforce. But its fiscal management and the… 17/05/2012
Crédit Agricole’s Greek tragedy The Greek crisis came back to haunt French bank Crédit Agricole on Monday in Paris. Exposure to Greek debt is not the main problem for investors, although it… 07/05/2012
The only way is up for Greek credit rating Standard & Poor’s has raised Greece’s credit rating. It is now no longer in default territory, but remains firmly in the junk category with a CCC rating… 02/05/2012
An unhappy Easter for Greeks The economic crisis has overshadowed the Orthodox Easter celebrations in Greece. Food is normally the focus for families as they gather at this holiday… 13/04/2012
Greece: austerity suicides climbing When a former pharmacist who had worked into his seventies killed himself many people in Greece saw it as a suicide caused by politics. In his note… 05/04/2012
Greece extends bond swap deadline Greece has extended, for a second time, a deadline for its remaining holders of government bonds to accept a debt swap which is essential for its bailout… 05/04/2012
Task Force set for long stay in Greece The European Commission’s special task force providing assistance to the Greek government as it struggles to rebuild its economy has rented an entire building… 15/03/2012
Ex-Olympic site for sale Trying to raise cash to pay off its debts, the Greek government pushes ahead with privatisation plans and has invited bids for the future management rights to… 02/03/2012
Greek deal helps Italy, Spain and Portugal’s borrowing costs In terms of sales of government bonds, Italy and Spain benefited from Greece securing its new bailout. The amount of interest Rome and Madrid had to offer… 21/02/2012
Austerity vote ‘won’t end Greek unrest’ Serguei Doubine, euronews: “We’re joined now from Athens by Alexei Bogdanovsky, Russian journalist and commentator, who’s been witnessing events in Greek… 13/02/2012
Greeks stage fresh protests over austerity cutsIn Greece, tens of thousands of people have taken to the streets of Athens in a new nationwide strike against austerity measures. Angry over wage cuts and… 20/02/2013
Greek pensioners protest against austerityHundreds of Greek pensioners have staged a protest against the government’s austerity measures. The elderly have faced two pension reductions since 2010 and… 14/02/2013
Save Hellas, buy GreekTraders in the Hellenic Republic trying to win hearts, minds and pockets are calling on people to buy Greek products. Though the word crisis may be Greek in… 23/01/2013
Greek home owners hit by tax hikesGreece has approved a series of tax reforms, opposed by much of the population, but necessary for the country to secure further bailout funds and avoid… 12/01/2013
Greeks face austere festive seasonThe latest long-delayed bailout is unlikely to make much difference to Christmas in Greece as people come to terms with wage cuts and unemployment. People… 13/12/2012
Eurogroup approves delayed funds for GreeceEuropean finance ministers have agreed to release the next instalment of Greece’s much-needed loan. This next payment of 34.4 billion euros had been… 13/12/2012
2013 Greek budget approved by a wide marginPoliticians in Greece have approved the national budget for 2013 which includes a fresh round of spending cuts. It cleared comfortably by 167 votes to 128… 12/11/2012
Greece gears up for another week of strikesGreece is preparing for a week of strikes in protest at privatisations and austerity measures in general. In Athens a 24-hour transport strike coincided… 02/11/2012
Protests outside parliament as Greece votes on 2013 austerity budgetAs the government in Greece votes on a new austerity program for next year’s budget, demonstrations are taking place outside parliament in Athens. Facing… 31/10/2012
Coca-Cola swaps Greece for SwitzerlandIn another blow to the Greek economy, the country’s biggest company is moving its corporate HQ abroad. Coca Cola Hellenic bottles the famous fizzy drink for… 12/10/2012
Confidence is key in GreeceThe Greek capital is witnessing further protests over new austerity measures. Civil servants have taken to the streets at the same time that inspectors from… 03/10/2012
France backs Greek austerity delay – at a priceGreece must deliver on its reform promises. That was the message from French Finance Minister Pierre Moscovici who was in Athens on Thursday to meet Prime… 13/09/2012
Nearly a quarter of Greeks jobless in JuneThe latest unemployment figures for Greece show that almost one in four people was jobless in June. The official number of people out of work rose from… 06/09/2012
Troika reports progress on Greek economic reformsThe troika of Greece’s main creditors have made their latest inspection of the figures and have pronounced Athens has made progress in its Olympian task of… 05/08/2012
Crunch time for GreeceExperts say Athens is nearly out of money and could be broke as early as August 20. The European Commission has said that an intermediate way will have to… 25/07/2012
Greece: Economy to contract by more than seven percentGreece’s economy is expected to contract by more than seven percent this year, according to its prime minister. Antonis Samaras made the gloomy forecast to… 24/07/2012
Greece: pensioner protests and record unemploymentOutside the Health Ministry in Athens, people gathered to protest against pension cuts that are part of tough austerity measures. In the midst of a… 12/07/2012
No honeymoon period, Greece PM tells new cabinetThe new Greek prime minister says his coalition government will have no honeymoon period and its goal is to pull what he calls the “traumatised” country out… 22/06/2012
Demand spikes for food handouts in GreeceThe ink may be drying on the composition of Greece’s new government but the immediate future remains bleak for thousands too poor to feed themselves. Some… 20/06/2012
Economic troubles lead to healthcare troubles in GreeceThe state of healthcare in Greece is suffering because of the country’s economic crisis, with many people unable to afford to visit the hospital or pay for… 25/05/2012
A silver lining for Greece?In Greece, the spectre of a return to the drachma remains present. After the last elections which resulted in an inconclusive vote, Greeks have reportedly… 18/05/2012
Crucial weekend for Greece as coalition talks flounderAttempts to put together a coalition government in Greece suffered another blow after the leader of a popular leftist party refused to join forces with the… 12/05/2012
Deeper Greek recession forecastGreece’s economy is set to contract by a deeper than expected five percent this year according to the country’s central bank chief, worse than the 4.5 percent… 24/04/2012
Greece dockworkers protest at government debt-swap dealDockworkers gathered outside Greece’s central bank in Athens to protest against a debt swap deal they say has cost them their savings. The deal was part of… 06/04/2012
Farmers rise up in Greek ‘potato revolution’As Greek wallets take a hit from deep spending cuts, the country’s farmers are fighting back in what has been branded the ‘potato revolution’. The idea is… 19/03/2012
Concerns over Spain in Brussels but Greece still the big worryEuro zone finance ministers have been meeting in Brussels with Greece’s second bail-out on the agenda as well as the Spanish economy. The Greek Finance… 12/03/2012
Greek Finance Minister hails ‘historic’ debt dealThe Greek finance minister has hailed the bond swap deal that has enabled his country to avoid imminent bankrupcty. The government says well over 80 percent… 09/03/2012
Schauble says EU to turn on bailout tapGermany, which is the biggest eurozone contributor to the 130 billion Greek bailout, has given a positive reaction to the debt swap deal. Finance Minister… 09/03/2012
Greek debt deal ‘will begin restoring confidence’Greece has avoided an immediate catastrophic default on its debt after private creditors strongly backed a plan that leaves the path clear for a new… 09/03/2012
Debt swap success for Greece in bailout bidThe Greek government has said it has secured enough backing from private creditors to avoid a chaotic default on its debt. The Finance Ministry… 09/03/2012
Greek officials hopeful of bond swap acceptanceIn Greece, Thursday was deadline day for a bond swap offer to private creditors. If more than two-thirds accept the plan, it will lead to the release of a 130… 08/03/2012
Jobless Greek worker shoots former bossThe Greek austerity measures became an ugly reality at a small factory in the north of the country, when a worker who had been made redundant shot and wounded… 02/03/2012
Greek bailout gets green light from BerlinThe German parliament has overwhelmingly approved the latest Greek bailout package of 130 billion euros, despite worries about Athens’ ability to stick with… 27/02/2012
Greek parliament passes debt swap planThe parliament in Athens has approved measures to reduce Greece’s public debt which form the central pillar of a rescue plan to stop the country going… 23/02/2012
Protesters keep up the pressure on Greek MPsAs Greece’s parliament debates a string of measures demanded by eurozone states in exchange for a 130 billion euro bailout, Greek protesters are maintaining a… 23/02/2012
Greek election prospects murkyPallas Athena is antiquity’s goddess of wisdom, courage and inspiration. Where is she now? Is there a politician who can wrest this country from the… 16/02/2012
Eurogroup cancels Greek bailout meetingThere was disappointment as Greek politicians heard that eurozone finance ministers will not be meeting today to rubber stamp their bailout deal. According… 15/02/2012
Another missed deadline as Greece works on bailout agreementGreek Prime Minister Lucas Papademos has delayed a meeting with his coalition leaders over the bailout deal, as he held talks late into the night with private… 08/02/2012
Greece close to debt swap dealGreece says it has all but concluded a crucial debt relief deal with its private investors. The agreement would see those investors swap their Greek… 31/01/2012
Deal hopes offer cold comfort to ordinary GreeksHopes of a refinancing deal between Greece and its international creditors gave the Athens stock market an early boost on opening. However, there was no… 31/01/2012
Greece names its top tax evadersGreece has published a so-called “name and shame” list of tax evaders who allegedly owe the state some 14-billion euros. Well-known businessmen and… 23/01/2012
Greek debt swap talks drag into the weekendGreece’s private creditors say a crucial deal to slash the country’s debt is coming together. But no agreement was reached on Friday and talks with Greek… 21/01/2012
