Cleaning ladies being fired from their Finance Ministry jobs turned out again in protest on June 25, this time outside the General Accounting Office.
While U.S. chain Starbucks is raising prices in the United States, it will cut them in Greece, land of coffee houses and where competition is fierce.
An American company is one of the bidders for the Greek postal system ELTA being put up for sale as part of a lagging privatization push.
Greek Prime Minister Antonis Samaras’ hopes for an economic recovery could be derailed in 2016 – next scheduled national elections – when money to fund pensions will run out. With austerity measures creating record record unemployment, there aren’t enough workers paying into the retirement system.
ATHENS – Flush with 19 deals worth 6.5 billion euros from a visiting Chinese delegation, Greek Prime Minister Antonis Samaras now is pressing reforms.
Chinese Prime Minister Li Keqiang oversaw the signing of trade and investment deals worth some $4.6 billion with Greece on Jan. 19 during a visit expected to help boost the recession-plagued country’s economy. At a press conference with Greek Prime Minister Antonis Samaras, Li expressed support for bailed-out Greece’s economic revival effort.
Greece’s recovery from a crushing economic crisis could be thwarted by the country’s courts which are ruling against government-imposed austerity.
With Greece on a disputed road to recovery from a crushing economic crisis, American investors and others from around the world are snapping up Greek bonds.
Greece’s new Finance Minister Gikas Hardouvelis gets a test on July 19 when he will try to convince the Eurozone the government is on target to meet fiscal reforms.
Greeks battered by austerity can now look forward to tax cuts and other measures to reverse social injustices the measures caused, Prime Minister Antonis Samaras has pledged.