Fitch ratings agency has upgraded Greece’s sovereign debt rating by one notch, citing the country’s improved deficit figures.
Buried by harsh austerity measures, so many Greeks can’t repay loans, credit cards and mortgages that the default rate is 33 percent, surpassing 71 billion euros.
Greek shipowners, who pay virtually no taxes, now say they will fight government plans to tax foreign seamen working on Greek-flagged ships.
Fearful of an increase in the retirement age and reduced benefits, hundreds of thousands of Greeks are fleeing the public and private sector to grab a pension now.
Former IMF chief Dominique Strauss-Kahn said austerity measures worsened Greece’s economic crisis and called them “unbearable.”
Greece and the country’s only oil and gas operator, Energean, have signed an agreement to look for hydrocarbons, onshore as well as offshore, looking for energy riches.
The former head of the Eurozone said it was Greece’s own fault it had to ask for the rescue and the harsh austerity measures that came with it.
After four years of brutal austerity measures, the Greek government said it will lower taxes in 2015 – but only if it can collect from tax evaders first.
Greece’s hopes tourists will help lift the country toward a recovery with a second straight record year of visitors expected is being offset by lesser-than-expected levels of spending.
Greece’s Parliament has approved budget plan for 2015-18 as part of the country’s international bailout commitments, showing growth and lingering joblessness.