Tag: Greek

GREECE
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Greek objections mar preparations for EU’s 60th birthday

makis - Mar 23, 2017

Greece has stuck to its objections to a declaration to mark the European Union’s 60th anniversary, officials in Brussels and Athens said on Thursday, a potentially embarrassing…

GREECE
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Greek gov’t eyes community service for road offenders

makis - Mar 21, 2017

In a bid to curb irresponsible behavior on Greek roads, the government is considering the introduction of compulsory community service for those who cause serious accidents, Deputy…

FINANCE
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Nouy: Bad loans ‘major challenge’ for Greek banks

makis - Mar 14, 2017

Bad loans pose a major challenge to Greek banks but the sector has improved “substantially,” European Central Bank supervision chief Daniele Nouy told the Athens News Agency…

GREECE
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Greek unemployment steady in December, eurozone’s highest

makis - Mar 09, 2017

Greece's jobless rate stood at 23.1 percent in December, unchanged from an upwardly revised reading in the previous month, statistics agency ELSTAT said on Thursday. The number…

FINANCE
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Greek Justice Ministry plans new police branch

makis - Mar 08, 2017

The Justice Ministry has announced its intention to proceed with plans to create a judiciary police branch. A six-member committee, led by deputy Supreme Court prosecutor Anna…

FINANCE
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Greek women hit hardest by unemployment

makis - Mar 08, 2017

Women, especially young women, have been hit particularly hard by Greece’s economic crisis, Labor and Social Insurance Minister Effie Achtsioglou told the Parliament in Athens on Wednesday…

FINANCE
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Greek economy flat last year, stats service says

makis - Mar 08, 2017

Greek economic growth was flat last year, the country's statistics service ELSTAT said on Wednesday, releasing its first estimate of full-year 2016 gross domestic product. It said…

GREECE
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Greek President stresses desire for good relations with Turkey

makis - Mar 07, 2017

Greek government support for the democratically elected government in Turkey during the failed coup attempt in July is clear indication that Athens wants to preserve good-neighborly relations…

GREECE
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Greek military analysts: Turkey will not attack in Aegean as islands full of soldiers

makis - Mar 02, 2017

Greek military analysts believe Turkey is raising tensions in the Aegean Sea because it found itself cornered on the Syrian front. According to their analysis, Turkey is…

GREECE
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Greek retail sales fall 1 pct in December, led by drugs and cosmetics

makis - Feb 28, 2017

Greek retail sales by volume fell 1.0 percent in December compared to the same month a year ago after an upwardly revised 4.0 percent increase in November,…

GREECE
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Greek utility says being investigated by EU competition watchdog

makis - Feb 15, 2017

The European Union’s competition authority is investigating Greece’s power utility PPC over allegations the utility has violated antitrust rules, PPC said on Wednesday. Two sources told Reuters…

FINANCE
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Greek economy contracts 0.4 percent in fourth quarter

makis - Feb 14, 2017

Greece’s economy shrank by 0.4 percent in October-to-December compared to the third quarter when gross domestic product grew by an upwardly revised 0.9 percent, the country's statistics…

FINANCE
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Fitch: Program review underpins Greek sovereign assessment

makis - Feb 13, 2017

Recurrent tensions between Greece and its official sector creditors are already reflected in Greece’s sovereign rating, which has been at or below CCC for nearly two years,…

GREECE
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Greek borrowing costs tumble on prospect of progress on debt talks

makis - Feb 10, 2017

Greece's borrowing costs fell sharply on Friday as signs emerged that the country's main creditors have agreed a common stance on bailout talks. Two-year Greek government bond…

GREECE
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Greek military observing Turkish research ship amid tensions

makis - Feb 10, 2017

Greece’s National Defense General Staff and the Hellenic Navy have been closely monitoring the presence of the Turkish research vessel Cesme off Andros following a spike in…

GREECE
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Greek unemployment unchanged in November, still eurozone’s highest

makis - Feb 09, 2017

Greece’s jobless rate came in at 23 percent in November, unchanged from the previous month, statistics agency ELSTAT said on Thursday. The number of officially unemployed reached…

GREECE
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Greek labor minister says IMF demands are ‘unreasonable’

makis - Feb 09, 2017

The International Monetary Fund’s stance on the Greek bailout is “problematic” and its demands of the cash-strapped country “unreasonable,” Labor Minister Efi Achtsioglou said on Thursday. Speaking…

GREECE
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Majority of Greeks want to stop immigration from Muslim-majority countries, survey shows

makis - Feb 08, 2017

A majority of Greeks want to stop immigration from Muslim-majority countries, a survey has found. The Chatham House study, conducted before US President Donald Trump signed an…

GREECE
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Greek firefighters take to streets over hiring conditions

makis - Feb 08, 2017

Hundreds of firefighters in uniform took to the streets of Athens Wednesday to protest hiring conditions, saying roughly one third of their jobs are at risk due…

FINANCE
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Greek bailout program would end if IMF pulled out, Schaeuble says

makis - Feb 06, 2017

Germany believes the International Monetary Fund (IMF) will remain on board with Greece's bailout, a finance ministry spokesman reiterated on Monday, but said that a IMF decision…