With many Greek businesses leaving during an economic crisis, IBM is going ahead with plans to develop a corporate data analysis center in Athens.
Skeptics say it’s a ploy ahead of next month’s critical elections for Greek municipalities and the European Parliament, but the government now says the country’s primary budget surplus for 2013 was 3.38 billion euros and that a “social divided” will soon be announced.
Despite floating a bond and achieving a primary surplus, Greece’s economic recovery may be a mirage and default may be the best way out.
EU officials are reportedly set to extend Greece’s repayments on 240 billion euros in two bailouts up to 50 years and lower interest rates.
Senor, is this about production of a show by means of placebo effects, market trajectory, the Greek Bond oversubscription, the failed Chinese Bond Auction, and Mr. Nitup? What a week! It had everything. The Greek bond offering was oversubscribed four times while the Chinese bond auction failed!
Protesters angry with Sunday store openings tried to disrupt shopping on Athens’ main street but were teargassed.
After Greece floated a bond, Prime Minister Antonis Samaras has rejected talk a third bailout is needed.
The first Greek sovereign bond in four years proved especially popular with investors from Europe and the US.
An OECD report shows Greece’s economic crisis has been costly to workers whose total tax amounts to 41.6% of the labor cost.
Bank of Greece chief George Provopoulos said the economic recovery he’s been predicting for several years is now finally at hand.