economy

The European Commissioner for Regional Policy Johannes Hahn gave an interview to the Austrian public broadcasting service, where he opined that the Greek ...

The European Commission is expected to submit a new report containing its prediction for the progress of EU member (and perspective members) economies today, where it will revise its estimation of the Greek economy in 2013, 2014 and 2015. According to the last Commission report on the European economies, which was published in November 2013, […]

The IMF’s Christine Lagarde recently gave an interview to Australian broadcaster ABC, where she expressed her belief that Greece have finally overcome a series of hardships and is now entering a growth phase. During the discussion, a member of the audience raised the issue of austerity, with Mrs. Lagarde admitting that mistakes were made with […]

Recent financial developments, particularly with regards to the accumulative 25% reduction of the GDP over the past five years and the change in financial market indexes, suggest that the recession may be coming to an end. These sentiments are not unwarranted, as IOVE’s economic sentiment indicator among others, create the expectations of a recovery. Based […]

The Greek football league may not be the most popular or sensational amongst the other European leagues, but according to a study conducted for the Super League by the Foundation for Economic and Industrial Research and the “Stochasis” Business Consultants firm, it is able to have a significant impact on the economy and growth potential. […]

The Prime Minister Antonis Samaras recently gave an interview to the German Bild newspaper, where he addressed concerns over Greece’s finances and the possibility of a third aid package. Mr. Samaras also took the opportunity to address reports that the Greek people are “richer” than Germans. Regarding the allegations that the Greek people are richer […]

The Deputy Minister of Growth Notis Mitarakis was a guest speaker at the 2014 Global Capital Forum on the investment opportunities in Greece, where he revealed his fears of the Greek economy “relaxing”. Mr. Mitarakis noted that “we have not yet ended the battle for our economy and the relaxation concerns me. Because we may […]

The Minister of Finances Yannis Stournaras is thought to have “surprise news” regarding the progress of the economy, which he intends to publicize over the next few days. Mr. Stournaras is presumably awaiting confirmation of divs from the national statistics authority ELSTAT and the State Treasury, with rumors suggesting the announcement will have a decisive […]

According to a study conducted by Public Issue and published in the Efimerida ton Syntakton newspaper, the dominant elements of contemporary Greek society are the feeling of insecurity, low expectations and the depreciation of the state. The study shows that up to 75% of Greek people feel insure and 70% estimate that “things are heading […]

The government Vice President and Minister of Foreign Affairs Evangelos Venizelos is currently in the USA, where he is scheduled to meet with the Secretary of State John Kerry and the Secretary of the Treasury Jack Lew. On Thursday Mr. Venizelos will meet with Mr. Kerry to discuss bilateral and international matters, as well as […]

A study conducted by the Dutch-based human resource consulting firm Randstad Workmonitor indicates that despite the Greek government’s efforts, the Greek people do not have high expectations of an improvement of finances for 2014. Of the 32 countries included in the study, Greece has the highest rate of pessimists, with 75% of Greek respondents expecting […]

The European Commissioner for the Internal Market Michel Barnier expressed his opinion that the Greek economy will not only recover, but that Greece will also be amongst those in a most advantageous position. Mr. Barnier, who spoke to Acheloos TV, offered his support and solidarity to the Greek people, while maintaining that in order to […]