Syndicate contentEconomics

Greek finance minister has hopeful outlook on growth, budget

Greece must achieve economic growth and a budget surplus before it can return to bond markets, Finance Minister Yannis Stournaras said on Friday (9 August), adding the country would meet both conditions next year.
EurActiv: August 12, 2013

State to disburse another 32 million to settle medical debts to doctors, clinics

Nearly 32 million euros' worth of debts to medical doctors and health sector providers carried by state health services provider EOPYY will be repaid as of Monday, August 12, Health Minister Adonis Georgiadis announced Thursday.
August 12, 2013

Greece's slump eases as GDP and budget both improve

The severity of Greece's recession eased slightly in the second quarter, according to the country's statistics body.
BBC: August 12, 2013

Greece completes privatization of gambling monopoly OPAP

Greece on Monday completed the sale of a major stake in state-controlled gambling firm OPAP to Greek-Czech fund Emma Delta, a condition of the country's ambitious asset sales program under its multi-billion international bailout.
Reuters: August 12, 2013

Greece Needs a 21st Century Marshall Plan

At their White House meeting last week, U.S. President Barack Obama assured Greek Prime Minister Antonis Samaras of his support as Greece prepares for talks with creditors on additional debt relief amid record-high unemployment.
Bloomberg: August 12, 2013

Greek recession eases in sixth year of crisis

Recession in the Greek economy eased in the second quarter, official data showed on Monday but some circles are sceptical that the country can climb out of crisis without new help.
AFP: August 12, 2013

Greece stuck in recession, bailout targets at risk

Greece's recession eased slightly in the second quarter but not nearly enough to boost tax revenues to levels the government needs to meet its bailout targets, figures showed on Monday.
Reuters: August 12, 2013

Bundesbank report on Greece raises pressure on Merkel

German opposition parties accused Chancellor Angela Merkel on Sunday of lying before elections next month about the risks of a new bailout for Greece, after a magazine reported the Bundesbank expects it will need more European aid in early 2014.
Reuters: August 12, 2013

Bundesbank expects more aid for Greece by 2014: report

Germany's central bank expects Greece to receive another bail-out loan later this year or by early 2014, the German weekly Der Spiegel reported Sunday, citing an internal Bundesbank document.
AFP: August 11, 2013