Europe

After six consecutive quarters of deficit, the EU economy has finally shifted to a trade surplus with the rest of the world. During the second quarter of this year, the European bloc recorded a minor surplus of €1 billion. This...

The Eurozone's trade surplus posted record numbers in June, swelling to 21.2 billion euros ($25 million) as the bloc experienced a corresponding record decline in the importation of goods due to the Covid-19 pandemic, according to a recent report...

Even though Greek lawmakers have passed the 2014 budget which shows a primary surplus, the partners and lenders don't seem to be convinced of the data presented. In fact, they believe that the numbers shown are phony and don't...

In an interview with DW, Managing Director of the International Monetary Fund Christine Lagarde talked about Greece’s economic situation, stressing: “In Greece were required very significant structural reforms through which the country has gone with huge sacrifices”. Moreover, Lagarde emphasized...

Bloomberg columnist Megan McArdle isn't so rosy about Greece's surplus helping the economy and said it could actually pave the way for the country to default on its loans. She noted that not paying back what it owes - some...

Greece has ranked third within the European Union for the highest prevalence of home heating challenges. According to the latest statistics released by Eurostat, 18.7 percent of the population reported difficulties in keeping their homes adequately warm during the...

Piraeus Bank participated in a conference called ''The New Era of the Greek Financial Sector,'' which took place on September 24, concurrent with the international conference "Sibos 2019," now underway in London, England. The event was presented under the auspices...

The Commissioner for Regional Policy of the European Union, Austrian Johannes Hahn, appears optimistic about the economic situation in Greece. Hahn reported to "Austrian Broadcasting," the Austrian public service broadcaster, that signs of economic recovery will be visible by the...

The German economist and former member of the European Commission’s Task Force for Greece, Jens Bastian proposes an international summit for the Greek debt, similar to the one organized in 1952, which will link the debt’s “haircut” with certain...

In a meeting held earlier on Friday in Brussels, the eurozone’s finance ministers have agreed to provide the International Monetary Fund (IMF) with political guarantees, in order for it to continue to participate in the Greek bailout package, as...

In an interview with the Wall Street Journal, EU Commissioner Olli Rehn said that the revision of the Greek bailout package, which has been postponed for the third time now, will be completed "in the next few months," heightening concerns...

  The German edition of the Wall Street Journal (WSJ), suggests that a Greek exit (Grexit) from the euro is still imminent. This time the Drachma scenario is being resuscitated not because the economic crisis in Greece is getting worse. Quite...

Jens Weidman, chairman of the Bundesbank and board member of the European Central Bank (ECB), made it crystal clear that there is no possibility of a further haircut of Greece’s debt. He said that Athens is obliged to make...

German Chancellor Angela Merkel noted progress and stability in Greece and Cyprus. Merkel also referred to positive evolution in Portugal, while she congratulated Ireland and Spain, which managed to complete their efforts. Generally, Merkel talked about some countries of...

After taking the estimations of the Greek debt under consideration and the fact that Greek citizens are reeling in austerity measures for more than four years, the British newspaper “The Guardian” brings the Drachma scenario back to life. A possible...