In an interview with To Vima International edition, professor and politician Tasos Giannitsis explains the need to restructure the country’s economic base and the obstacle of vested interests
A sweeping fraud scandal has put the spotlight on places like Willmar, where Somalis run businesses and work at the Jennie-O turkey plant
Greece’s streets brim with cafés, but behind the daily ritual lies an economic model built on low wages, fragile businesses and short-term survival. A closer look inside the country’s booming but unstable “coffee economy” — and the people keeping it afloat
Goldman Sachs’ Current Activity Indicator suggests the Greek economy is maintaining resilience consistent with growth above 2%.
Seasonally adjusted figures show the economy grew 0.6% compared with the second quarter and 2% year-on-year. Non-adjusted data point to the same annual increase.
As Greece enters a new era of stronger forecasts and rising investment, the government’s 2026 budget reveals a second, harsher reality: growth rests on unstable foundations, convergence with Europe remains fragile, and households continue struggling with cost of living.
Greece’s recycling rate is at just 5.2%, far below the EU average of 11.8%.
Morgan Stanley forecasts 2% GDP growth annually in 2025, 2026, and 2027, stressing that private consumption had strong gains early in 2025.
The Greek economy grew 2 percent year-on-year, driven mainly by private consumption and tourism.
Seven out of ten young people report that financial or housing difficulties prevent them from having children.
The greek shadow economy, valued at over €40 billion -about 18% of its GDP- remains entrenched as cash continues to dominate daily transactions, fueling undeclared income and tax evasion despite efforts to curb it
Many older Americans are financially comfortable, but they worry their adult children won’t achieve the same kind of economic stability
The study, entitled 'The Café Economy: Structural Τransformation in Greece in the Wake of Austerity and “Reforms', opined that bailout-mandated reforms did not change the country's production model
Fitch Ratings outlines both the strengths and weaknesses of Greece’s economy in its new analysis for Europe, ahead of its next credit rating review. According to the agency, Greece’s current credit rating reflects its relatively high GDP per capita and governance indicators, which are above the median ‘BBB’ level, as well as its policy credibility, […]
Beijing was already seeing economic momentum slow before announcement of latest 100% tariff increase; some bet measures won’t last
Work is evaporating, businesses are closing, longtime residents are leaving, and the city’s creative middle class is hanging on by a thread
Greek economy: Record tourist arrivals and strong budget surpluses hide slow growth, widening inequality, and a political landscape stuck in neutral
The Greek prime minister, among others, said there's nothing to discuss with Ankara regarding hydrocarbon research south of Crete, for instance. He also fielded a question on Chinese ownership of the port of Piraeus; cited the IMEC corridor initiative
DBRS chose not to upgrade Greece’s credit rating, with analysts widely anticipating Moody’s will also hold off on any change.
The Russian leader’s bet explains why he is evading President Trump’s push for a deal