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Greece Economy News. Service for global professionals. Constantly updated news and information about Greece.
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Latest Greece Economy News

  • Baltic states face new year with fresh resolution - Feature 24 Dec 2009 02:30 GMT
    ... like it was in June. Today it's Greece, Ireland and Dubai people are watching. Things ... into the eurozone. They will strangle their economy as much as it takes to make ... the region," he said. But even with unemployment at more than 20 per cent, many ...

  • Greek parliament votes to adopt budget cuts in effort to cut debt 24 Dec 2009 01:53 GMT
    ... Greece votes for big budget cuts to reduce ... is trying to reassure markets about its economy The Greek parliament has voted to adopt big budget ...

  • UK economy could be hit by global shocks, warns MPC 24 Dec 2009 01:52 GMT
    ... The Bank of England’s Monetary Policy Committee has warned ... shocks like the Dubai crisis and the Greek debt debacle, minutes of the central bank’s ... a number of downside risks to Britain's economy, which is mired in its deepest recession ...

  • Greece votes for big budget cuts 24 Dec 2009 01:23 GMT
    ... Greece votes for big budget cuts to reduce ... is trying to reassure markets about its economy The Greek parliament has voted to adopt big budget ...

  • Greek parliament adopts 2010 crisis budget 24 Dec 2009 01:23 GMT
    ... ATHENS: The Greek parliament late Wednesday adopted a crisis budget ... members against. One opposition member was absent. Greece is attempting to bring order to its ... The Socialists, elected in October on an economy rescue ticket, had already warned that the ...

  • UPDATE 1-Greek parliament passes key 2010 budget 24 Dec 2009 00:34 GMT
    ... ATHENS, Dec 24 (Reuters) - Greece's parliament passed early on Thursday the socialist ... budget is a contract to redress our economy and regain our credibility,' Prime Minister George ... claiming it did not boost lower incomes. Greek bonds, stocks and credit default swaps have ...

  • Papandreou's 2010 Budget, Deficit-Reduction Measures Approved 24 Dec 2009 00:31 GMT
    ... measures announced by Papandreou on Dec. 14. Greek bonds slumped and stocks tumbled this month ... chaos of public finances, to support the economy and citizens in need.” The budget plan ... levels assigned to by S&P and Fitch. Greece has the lowest ratings among the 16 ...

  • Bailing out PIIGS just encourages bad behaviour 24 Dec 2009 00:15 GMT
    ... employees on strike. In the European Union, Greece is the equivalent of the free-spending consumer ... came on Tuesday, when Moody's judged the Greek government's austerity plan insufficient to rein in ... are performing well even though the Spanish economy is stuck somewhere between recession and depression. ...

  • Greek parliament passes key 2010 budget 23 Dec 2009 23:58 GMT
    ... quote, details) ATHENS, Dec 24 (Reuters) - Greece's parliament passed early on Thursday the socialist ... budget is a contract to redress our economy and regain our credibility," Prime Minister George ... claiming it did not boost lower incomes. Greek bonds, stocks and credit default swaps have ...

  • The nativity scene ' crib, wise men and separation wall 23 Dec 2009 23:54 GMT
    ... , Wednesday 23 December 2009 17.08 GMT A Palestinian ... bishop of Jerusalem, Munib Younan, and the Greek Orthodox archbishop, Theodosios Atallah Hanna. The Palestinian ... Orthodox archbishop, Theodosios Atallah Hanna. The Palestinian economy on the West Bank has improved slightly ...

  • Greece: Why the Ratings Agencies Are Right and George Papaconstantinou Is Wrong 23 Dec 2009 23:49 GMT
    ... The Greek government is having a hard time of ... rules in December 2010 simply to accommodate Greece. My reading of the situation is that ... and currently stands at about 160% of GDP (gross) and 85% of GDP (net). Meanwhile ...

  • Greece seeks to reassure markets 23 Dec 2009 23:32 GMT
    ... | Last updated: December 23 2009 23:16 Greece passed pass a deficit-cutting budget in the ... even lower, at 8.7 per cent of GDP, banking on a mix of spending cuts and ...

  • US Dollar, Japanese Yen Lag in Low Volume Trading - US New Home Sales Down 11.3% 23 Dec 2009 22:23 GMT
    ... US Dollar, Japanese Yen Lag in Low Volume Trading ... Dubai and the rating agency downgrade of Greek sovereign debt had provided a reminder of ... than anticipated, but still showed that the economy grew by 0.2 percent in October, as ...

  • Podcast on the Present State of the Spanish Economy 23 Dec 2009 22:07 GMT
    ... in Dubai affect the economic situation in Greece, Spain and the EU? - Are left- ... reduce the deficit from over 10% of GDP to less than 3% by 2012 or ... 2013? - What state will the Spanish economy be in by the end of 2010? ...

  • SET in store for New Year turbulence 23 Dec 2009 21:48 GMT
    ... Investors next year should focus on predictable returns ... of more stimulus policies in the global economy as private spending has yet to pick ... debt crisis and the downgrading of the Greek economy, she said. "Thailand needs to solve ...


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Quote of the Day

"We have determined that the Lithuanian State Security Department has received requests from the CIA to establish detention facilities."
— Arvydas Anusauskas, chairman of Lithuanian Parliament National Security and Defense Committee, on finding that the CIA set up secret prisons in Lithuania following the Sept. 11, 2001 terrorist attacks

> Lithuania News

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