In a study released today the Center for European Policy (CEP) claims that Greece’s recent return to the international debt markets does not herald the end of the crisis, cautioning…
Antonis Samaras says that there will not be a third memorandum; but the IMF says Greece will require another program of financial assistance; optimism grows over the Greek economy; shops…
Innovative startup companies have seen remarkable growth during the crisis; the memorandum is on its way out while investors are returning; the HRADF is selling off prized public assets for…
“It takes a passionate disregard for the truth to suggest that Greece is recovering.” That was my verdict last December upon being asked to comment on Greece’s rumoured recovery. Almost…
The annual report of the bank of Greece shows 23% of Greeks below the poverty line; an offer is made for the site of the former airport in Hellenikon(pictured); the…
The government is already counting billions in profits from unproven oil reserves; the Bank of Greece and troika continue to disagree over bank recapitalisation needs; Data shows further weakening of…
According to economists of the Bruegel think tank, the current plans being discussed for Greece to return to the markets are likely to be far too optimistic. Instead the authors…
An 85% drop in domestic demand since the beginning of the crisis has left Greek steelmakers reeling while energy costs far higher than those faced by European competitors prevent the…
The Levy Economics Institute of Bard College has released a report on the Greek economy with damning conclusions for the troika mandated policies of austerity which have been a ‘spectacular…
Out of all Europeans, Greeks on minimum wage spend the highest proportion of their income on groceries. Relative to monthly salaries the price of basic goods in Greece is about…