Financial crisis

Why are wages so low, why are we in last place among the EU's 27 member-states in the average hourly wage in terms of purchasing power - even below Bulgaria? Because Greece went through a more than 10-year economic crisis that set us back a long way, is the answer of the government (and others).

During the global financial crisis of 2007-9, the US government and the Federal Reserve subjected US banks to a stress test. The idea was to test banks in severe - but hypothetical - recession scenarios in which they would have to show they were adequately capitalized, thereby restoring the confidence of depositors and investors.

On July 1, 1997, Bulgaria implemented a currency board system, known as the "currency board," in response to a severe economic crisis marked by hyperinflation and widespread social unrest. The crisis was precipitated under the government of the Bulgarian Socialist Party led by Zhan Videnov, which prioritized preserving jobs and maintaining state-owned enterprises, neglecting market reforms.

Fitch Ratings as upgraded Cyprus' long-term foreign currency issuer default rating from BBB to BBB+ with a positive outlook.

‘Youths are besieged by melancholy & gender intolerance,’ Professor Kalyvas of the University of Oxford delves into the legacy of the Post-Revolution, the devaluation of fundamental values, Europe’s crises, Greece’s political landscape & detrimental trends of the new generation

Earlier this year Kathimerini organized a three-day conference looking back at the 50 years since the restoration of democracy in Greece in 1974, or the Metapolitefsi.

KOPAONIK - Serbian PM Ana Brnabic said at the Kopaonik Business Forum (KBF) on Monday evening Serbia had succeeded in maintaining economic growth despite multiple crises and extremely difficult global circumstances.

KOPAONIK - Serbian PM Ana Brnabic said at the Kopaonik Business Forum (KBF) on Monday evening Serbia had succeeded in maintaining economic growth despite multiple crises and extremely difficult global circumstances.

Bank of Cyprus, the island's largest lender, announced net profits of 487 million euros for the full year 2023.

This brings them closer to pre-financial crisis levels, driven by the high interest rates environment.

The European Central Bank (ECB) has announced it wants to monitor the liquidity of banks in the eurozone more frequently to reduce the future risk of a financial crisis.