Greeks are on average almost 40 percent poorer than they were in 2008, data indicated, laying bare the impact of a brutal recession and austerity measures the government may be…
The most well established economic research institute in Greece paints a bleak picture of the country’s finances and perspectives.
European Commissioner for Economic and Monetary Affairs Olli Rehn ommented the fifth activity report of the EU Task Force for Greecε.
Latest Eurostat figures show that Cyprus spent 2.3 per cent of its GDP contributing to euro zone bail outs while Germany spent 2.1 per cent.