All News on Economics in Greece

Discover how your country ranks up in the 2017 Index of Economic Freedom

The Heritage.org, releases the Index of Economic Freedom. It includes valuable data for all countries which can help us understand the diplomatic and geopolitical situation worldwide a bit better.

Here is how they explain it:

Crucial EuroWorking Group underway in Brussels on Greek matter

The outcome of the crucial EuroWorking Group in currently underway in Brussels will most likely determine whether a staff level agreement is possible between Greece and its creditors in order for talks to resume in Athens. Sources say the meeting restarted after a break under the highest degree of discreteness.

Greek current account deficit shrinks in January, tourism revenue down

Greece's current account deficit shrank in January compared to the same month a year earlier, the Bank of Greece said on Thursday, helped by a stronger surplus in the income account balance.

Bavarian finance minister sees Grexit likely

Greece will not last in the eurozone in the long run and officials working on a review of its bailout package should prepare for such a possibility, a senior member of the Bavarian sister party of Chancellor Angela Merkel's conservatives said.

Greece has lost a quarter of its national output since it first sought financial aid in 2010.

Greece won't last in eurozone in long-run, says Bavarian FinMin

Greek economy flat last year, stats service says

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 gross domestic product in volume terms and measured at constant prices was 184.5 billion euros last year, unchanged from 2015.

Greece requests loan from World Bank, Politico reports

Greece has requested an unknown amount of "financial assistance" from the World Bank even as bailout talks continue amid government officials and representatives of the country's international creditors, according to a report in Politico.

IMF warns against pretending 'upayable debts' can be paid

In a not so subtle jab at European officials and their dealings with Greece, the IMF on Feb. 23 issued a warning against pretending that "unpayable debts" can be repaid.

In a blog written by the International Monetary Fund's chief Greece negotiator, its chief economist, and its general counsel, the fund rarely mentions the crisis-ridden country by name.

Tsakalotos: IMF should stop making unreasonable demands from Greece

The International Monetary Fund should stop making unreasonable demands from Greece if it wants to participate in the country's bailout, Finance Minister Euclid Tsakalotos said on Wednesday, urging the lender to act fast.

Uncertainty takes toll on luxury homes

The climate of political and economic uncertainty in Greece has curbed, albeit temporarily, the recovery of the Greek luxury home market, which last year there saw significant activity and an increase in transaction volume after the slump of 2015.

ATHEX: Stock market posts weekly drop of 1.2 pct

Traders in Athens on Friday appeared to be holding back to see whether Greece's bailout review will be accelerated or postponed until later this year (at the expense of the local economy). Trading volume was less than 30 million euros and no significant moves or changes were observed.

Five major obstacles to investment

The illegal economy, political uncertainty, high energy costs, the inefficiency of the state and corruption are the five main obstacles to the development of business activity in Greece. The underground economy is considered the biggest problem of the lot by almost half of the enterprises surveyed by the European Bank for Reconstruction and Development.