The country has recorded the sharpest decline in debt-to-GDP ratio across the euro area, driven by strong growth, primary surpluses and early repayments.

Greece’s debt is set to fall sharply while Italy’s rises slightly, marking a historic shift after years in which Athens held the highest debt burden in the euro area.

The IMF warns the euro zone faces weaker growth and rising inflation even if the Iran war subsides, with higher energy costs expected to push the ECB toward interest rate hikes.

Bulgaria’s central bank chief says public backing for the euro is rising after a mild inflation impact from adoption, with the Iran war potentially reinforcing confidence in the currency’s stability

The Greek Finance Minister will chair his first Eurogroup meeting as President on Monday as Bulgaria joins the euro, ECB vice presidency enters a decisive phase and ministers debate the bloc’s 2026 economic priorities

Fresh data show Greece’s inflation rate easing to 1.6% in October, driven by lower increases in energy and services, though average inflation for 2025 remains above the eurozone.

The European Central Bank left its key interest rate at 2% and is expected to maintain that stance next month before reopening talks on possible cuts in the autumn.

The final approval process is now in the hands of EU finance ministers

The European Stability Mechanism (ESM) has sounded the alarm on growth prospects in the eurozone, including Greece, in a report warning that GDP growth could fall to just 0.5% by 2029 from 1.3% in 2023—unless labor productivity improves significantly. Regarding Greece and other peripheral countries in the eurozone, the study notes that in the case […]

Inflation in Greece saw a slight decline in February, settling at 3%, down from 3.1% in January, according to data from the European Union’s statistical authority, EUROSTAT. In the eurozone, inflation stood at 2.4% in February, compared to 2.5% the previous month. Examining the main components of inflation in the eurozone, services recorded the highest […]

In Europe’s common monetary bloc, the Eurozone, the consumer price index settled at 2% from 1.7% the previous month

Marginally up from 3.0% in July 2023, exceeds Euro Area average of 2.2%

Compared to the same quarter of the previous year, seasonally adjusted GDP increased by 0.6% in the Eurozone and by 0.8% in the EU

The country has relied solely on international markets for its borrowing needs since a third institutional bailout ended in 2018

Figure still higher than Eurozone average; jobless figure falls to 10.5% in 4Q 2023, according to Hellenic Statistics Authority (EL.STAT)

He added: Greece's accession to the euro-zone was the right decision

Despite the overall trend, Greece faces persistent challenges with rising food prices, as the food, alcohol and tobacco index totaled 7.1% during the month, on an annual basis, slightly lower than 7.6% in Dec 2023

Central banker underscored the significance of leveraging available European funds, particularly the Recovery and Resilience Facility (RRF) in strategic sectors of the economy