All News on Economics in Greece
Greece warned of cash shortage ahead of deadline: Report
Prime Minister Alexis Tsipras had warned foreign officials that Athens would not be able to pay the 750 million euros ($845 million) due this month to the International Monetary Fund, Greek newspapers said May 17.
ECB raises, slightly, liquidity cap for Greece — Negative press continues
Even as the ECB’s governing council continued its “drip-feed” method of incrementally raising a ceiling for Emergency Liquidity Assistance towards Greece – by 1.1 billion euros on Tuesday for a total of 80 billion euros – media assessments remained negative in the absence of a bailout deal extension.
Greece said to have made 200 mln euro IMF payment due Wednesday
Greece has made a 200-million-euro interest payment to the International Monetary Fund that fell due on Wednesday, a Greek official familiar with the matter told Reuters.
"It's done, the money is on its way," the official said, on condition of anonymity.
EC says 0.5% Greek growth in 2015 and debt at 180.2%
Brussels warned on Tuesday that if Athens continues on the current course there will be no growth in the coming year and a return to soaring national debt levels after slashing forecasts for Greece. The European Commission’s forecasts, based on the status of bailout talks two weeks ago, dependent on Athens reaching a deal to secure €7.2bn benchmarked for the country in bailout financing by Jun
Empty admissions of fault
By Pantelis Boukalas
Govt: Average monthy pension in Greece at €664; supplementary at €168
The average primary monthly pension in Greece stands at 664.69 euros before taxes, whereas the average supplementary pension is 168.40 euros a month, the leftist government announced on Monday.
No new bailout needed if Greek debt restructured, says finance minister
Greek Finance Minister Yanis Varoufakis insisted Saturday that Greece would not require a new bailout from its international creditors if they would simply restructure its debt.
Athens last week resumed talks with its creditors in a bid to unblock 7.2 billion euros ($8 billion) from its EU-IMF bailout before state coffers run dry.
Greece to present reforms to creditors for approval
Greece was to submit Thursday to its creditors a list of reforms order to unblock critically-needed bailout funds, a government source said.
But the hard-left government of Prime Minister Alexis Tsipras insisted it would not back down from 'red lines' on labour protection and wage cuts.
Greece still a champion in euro area unemployment
The euro area’s seasonally-adjusted unemployment rate was 11.3% in March 2015, stable compared with February 2015, but down from 11.7% in March 2014.
The EU28 unemployment rate was 9.8% in March 2015, stable compared with February 2015 and down from 10.4% in March 2014. These figures were published by Eurostat, the statistical office of the European Union, on Thursday.
Greece to present reforms draft to creditors to unlock loans
Greece says it will discuss with its creditors on Thursday a draft bill of reforms it hopes will earn their approval and pave the way for the unlocking of vitally needed bailout funds.
Greece said to get respite until May 6 for next IMF payment
By Nikos Chrysoloras
Greece's cash-strapped government may get a brief respite in yet another looming debt payment next week thanks to a public holiday.
As Prime Minister Alexis Tsipras's government struggles to pay pensions and salaries at the end of the month, the May 1st public holiday may give its depleted coffers a break.
Greece's shifting bailout deadlines fuel uncertainty
RIGA, Latvia - When is a deadline not really a deadline and a deal not really a deal? When it's to do with Greece's bailout, apparently.
IOBE: No agreement would be a huge failure
By Sotiris Nikas
Greece?s Foundation for Economic and Industrial Research (IOBE) on Tuesday revised this year?s growth estimate from 3 to 1 percent, while its head, Nikos Vettas, described the possible lack of agreement between the government and its creditors as ?an extraordinarily big failure.?
Paul Krugman: Strict austerity policies must end for Greece
Renowned economist and columnist Paul Krugman who won the Nobel prize for Economics in 2008 stressed once again the need to end to strict austerity policies imposed on Greece, during a press conference in Athens on Saturday.
Paul Krugman meets PM Tsipras; President Pavlopoulos in Athens
Prime Minister Alexis Tsipras met on Saturday with Paul Krugman, the renowned economist who won the Nobel Prize for Economics in 2008, at the government headquarters in Maximos Mansion.
The meeting between the two men lasted about an hour and a half and no statements were made at its conclusion.