Greece Smokes Out Smuggled Cigarettes

- January 25, 2014

ATHENS – While the Greek government is raising taxes tobacco products as part of the austerity measures demanded by international lenders, it’s while simultaneously trying […]

Greece, Troika in Long Tough Talks

- January 24, 2014

Greece’s finance minister said that the country was still in talks with international creditors over reforms, but insisted that the government was not being pressed to impose more austerity.

New Greek Scheme: Young Work Free

- January 24, 2014

With unemployment having hit a record 27.4 percent last year, and varying from 60-65 percent for those under 25, Greece’s Centre of Planning and Economic Research in Greece has proposed they be given a job without a salary for a year.

Big 2013 Greek Tourism Upsurge

- January 24, 2014

ATHENS – Greece’s biggest revenue engine – tourism – showed a 15.2 percent hike from January to September in 2013, including the crucial summer season […]

Even in Crisis, Greeks Toss Out Food

- January 23, 2014

During a crushing economic crisis and austerity measures that have brought record unemployment and deep poverty, and as the Greek Orthodox Church and private soup […]

Back Military Pay Order Clouds Recovery

- January 23, 2014

Prime Minister Antonis Samaras’ hopes for an economic recovery may be hampered by a state high court ruling military pay cuts were unconstitutional and have to be repaid.

Bad Loans Bury Greek Banks

- January 22, 2014

ATHENS – Overwhelmed by harsh austerity measures that have brought record unemployment and deep poverty, so many Greeks are unable to pay their loans, credit […]

Retailers Say Sunday Openings No Help

- January 20, 2014

A much-disputed and contested plan to allow an increased number of Sunday openings for stores in Greece didn’t draw in as many customers as hoped […]

Provopoulos Says Greek Banks Ailing

- January 17, 2014

ATHENS – If a still-unreleased stress test audit of Greek banks shows they are hurting from record bad loans, they may need yet more cash […]