Greek economy

    141 days ago

    Greek government moves to end strike

    The Greek government is forcing employees of a state electricity utility company back to work by issuing a “civil mobilisation decree” usually reserved for national emergencies.

    383 days ago

    Strike shuts down Greek services

    Public and private services have shut down across Greece as unions hold a 24-hour general strike to protest against further austerity cuts in the recession-plagued country.

    432 days ago

    Greek public sector strike begins

    Greek civil servants have walked off the job at the start of a two-day nationwide strike protesting against planned job cuts required as part of the country’s international bailout.

    433 days ago

    Greece prepares for new wave of strikes

    Riot police have scuffled with striking school guards in central Athens as unions gear up for a series of public sector strikes over job cuts.

    493 days ago

    Germany's Finance Minister warns: No short-cuts for Greece

    Germany’s Finance Minister has visited Greece amid massive police security, insisting there was “no convenient short cut” for the country’s bailout programme.

    496 days ago

    Greek unions stage fourth strike this year

    Unions opposing austerity measures in Greece are staging their fourth general strike this year as the government prepares to start axing public sector jobs.

    528 days ago

    Greek bank avoids nationalisation

    Greece’s largest bank, the National Bank of Greece, has said it has succeeded in raising enough capital to avoid being nationalised, the second Greek bank to meet that target.

    536 days ago

    IMF admits underestimating impact of austerity in Greece

    The International Monetary Fund has admitted it made “notable failures” in the Greek bailout, underestimating how much the austerity measures it pushed would hit the country’s already faltering economy.

    559 days ago

    Teachers' strike banned by Greek government

    Greece's coalition government has said it will use emergency powers to prevent teachers from disrupting university entrance exams as part of their planned strike this month.

    564 days ago

    Greek economic recovery 'in sight'

    Greece’s recession-wracked economy should start recovering from next year and its sky-high unemployment rate should edge lower from the end of 2014, the country’s finance minister said in an interview broadcast today.

    650 days ago

    Recession-hit Greeks stripping train lines for scrap metal

    Greece has been hit by an unprecedented wave of metal thefts as its recession-hit people turn to crime.

    662 days ago

    Greece hit by new austerity strikes

    Public transport workers in the Greek capital walked off the job today in a 24-hour strike, causing traffic jams around Athens, while a doctors’ strike has left hospitals functioning with emergency staff.

    668 days ago

    Defiant Greek strikers face jail

    Greece’s government has announced emergency powers to force striking subway workers back to work, with those defying it risking arrest.

    671 days ago

    Greek transport workers continue strike

    Striking underground railway workers have defied a court order to return to work and are continuing their protest for a sixth day, as demonstrations against new pay cuts escalate in Greece’s capital.

    675 days ago

    Greek parliament votes to investigate former finance minister

    Greek MPs have voted to investigate former finance minister George Papaconstantinou over his handling of data on citizens with Swiss bank accounts and whether he amended the list to remove three of his relatives.

    747 days ago

    Strikes continue as Greece prepares for austerity vote

    Greece’s fragile coalition government faces its toughest test when lawmakers vote on new painful austerity measures demanded to keep the country afloat, on the second day of a nationwide general strike.

    748 days ago

    Greek government proposes four-year austerity plan

    Greece’s conservative-led coalition has set out a new four-year package of austerity measures, facing down escalating protests by unions and dissent from its left-wing government partners.

    780 days ago

    Greek PM: 'Till will be empty' in November

    Greece’s Prime Minister has said his country can survive until the end of November without receiving the next planned instalment of its bailout loans.

    787 days ago

    Greek parties agree cuts package

    After weeks of fruitless efforts, the heads of the three parties in Greece’s governing coalition have struck a basic deal on a new round of harsh austerity measures.

    789 days ago

    Greek workers begin general strike

    Greek workers have walked off their jobs for the first general strike since the country's coalition government was formed in June.

    797 days ago

    Greek judges and doctors protest over pay

    Greek judges and hospital doctors have begun working to rule over planned austerity measures that will leave thousands of legal cases in limbo and routine operations cancelled.

    821 days ago

    Hollande: Greece must stay in euro

    French president Francois Hollande has said that Greece must remain in the eurozone.

    823 days ago

    Greece pleads for more time to implement cuts

    Greece needs more time to implement tough financial reforms and spending cuts, Prime Minister Antonis Samaras said today.

    851 days ago

    Barroso to visit Greece today

    Tensions are running high in Greece ahead of today's visit by European Commission President Jose Manuel Barroso to Athens, amid increased speculation the country is heading towards debt default.

    853 days ago

    Troika officials visit Greece today

    Troika officials arrive in Greece today to try and pull that country's economic programme back on track.

    891 days ago

    Greece prepares for 'most crucial election'

    Greece is preparing to hold what has been described as the country's most crucial election, as the outcome could effectively decide whether Greece remains in the euro.

    900 days ago

    Greek far-right politician assaults female rival live on TV

    The spokesman for Greece's extremist far-right Golden Dawn party caused an uproar today when he physically assaulted two left-wing deputies on live television during a morning political show.

    907 days ago

    Tsipras renews bailout axe pledge

    The leader of a left-wing party in Greece has renewed a pledge to scrap the country’s bailout commitments after retaking a lead in opinion polls ahead of crucial national elections on June 17.

    910 days ago

    Polls show gains for mainstream parties in Greece

    Opinion polls have indicated that Greece's second election in just over a month will result in no single party gaining a majority in parliament, but two pro-austerity mainstream parties could form a coalition government.

    915 days ago

    Greek banks set for €18bn bailout

    Greece’s four biggest commercial banks are to receive an €18bn cash injection from the European bailout fund.

    919 days ago

    Fitch downgrades rating of five Greek banks

    Fitch ratings agency has downgraded five Greek banks, a day after giving the crisis-hit nation the lowest possible grade for a country that is not in default.

    921 days ago

    Judge takes role as caretaker leader in Greece

    A senior judge has been sworn in to head Greece's caretaker government for a month as the debt-crippled country lurches through a political crisis that threatens its membership in the 17-nation eurozone.

    924 days ago

    Greek President to hold last-ditch talks to avert second election

    Greece's President will hold a fresh round of talks today to try to persuade political leaders to form a coalition government.

    929 days ago

    Greek conservative leader says euro must stay

    Greece’s conservative leader has insisted the country should remain in the euro, ahead of talks with the political opponent who wants to pull out of the financial bailout deal.

    929 days ago

    Greek govt talks: Tsipras to meet mainstream party heads

    The leader of a radical left-wing party tasked with trying to form a coalition government in Greece is to meet mainstream party heads, a day after he demanded they withdraw their signatures from the international bailout deal.

    929 days ago

    Greek left-winger rejects cuts pledge

    The smouldering debate over European austerity burned hotter as the left-winger trying to form a new Greek government declared his country was no longer bound by pledges to impose crippling cuts in return for rescue loans.

    930 days ago

    Radical left party begins talks to form Greek government

    A left-wing party opposed to the terms of Greece’s bailout agreements is trying to form a government after a general election stalemate.

    930 days ago

    Greece unease grows amid impasse

    Greece sank deeper into a political and financial morass as initial efforts to form a new coalition government failed, a day after angry voters punished parties backing the country’s international bailout.

    930 days ago

    Greek election results raise possibility of euro exit

    Greece faces weeks of financial turmoil after voters angry at crippling income cuts punished mainstream politicians, let a far-right extremist group into Parliament and gave no party enough votes to govern alone.

    931 days ago

    More instability ahead for Greece

    Greece faces days, possibly weeks, of political instability after voters angry at crippling income cuts punished mainstream politicians.

    933 days ago

    Greeks head into general election

    Greeks head to the polls on Sunday in their most critical – and uncertain - election in decades, with voters set to punish the two main parties that are being held responsible for the country’s dire economic straits.

    962 days ago

    New demo planned over Greek suicide

    Anti-austerity activists are planning new protests in Athens’ main square, where a pensioner shot himself dead leaving a suicide note that blasted politicians over the country’s financial crisis.

    963 days ago

    Debt crisis sparks suicide in Athens' busiest square

    An elderly Greek man killed himself in Athens’ busiest square today in protest at the country’s debt crisis.

    974 days ago

    Greece's Deputy Prime Minister to retire

    The Deputy Prime Minister in Greece’s coalition government has announced he will not stand for re-election in the forthcoming national poll.

    978 days ago

    Greek parliament approves €172bn bailout loan

    Greece's parliament has today approved a new international bailout deal, which will see the crisis-hit country receive an additional €172bn in rescue loans.

    979 days ago

    Fears Greece may need more loans

    Greece’s international creditors see “significant risks” that it might need yet more rescue loans because it will fail to control its massive debt.

    979 days ago

    Greece set to back new bailout deal

    Greece’s Parliament is set to approve the debt-crippled country’s new international bailout deal as Communist party supporters prepare to protest against the austerity being imposed.

    989 days ago

    Payouts due after Greek debt deal

    A massive debt relief deal for Greece constitutes a so-called credit event, meaning it will trigger payouts on bond insurance, the agency that oversees financial derivatives said.

    989 days ago

    Greece to get first EU bailout cash

    The finance ministers of the eurozone have said Greece can receive the first batch of bailout money of up to €35.5bn to fund a massive debt relief deal with private investors.

    990 days ago

    Bruton: Debt restructuring 'devastating' for ordinary Greek people

    The Jobs Minister Richard Bruton has said the debt restructuring agreement by Greece overnight is anything but a good deal for the Greek people.

    990 days ago

    Greece bond swap deal a success

    Greece has secured a high enough participation in its critical bond swap offer to drastically reduce its debt, staving off an imminent default and paving the way for the release of funds from international rescue loans.

    990 days ago

    Greece confident over debt deal

    A deadline has passed for private investors to participate in a major Greek debt reduction deal, with government officials and world markets appearing confident of high participation.

    990 days ago

    Hopes rise for Greece's key debt swap

    Greek government hopes are rising that the country’s critical debt swap will succeed as an official said participation was already above 75%.

    990 days ago

    Greece set to get second bailout

    Greece is apparently on course to secure its second financial bailout worth €130bn.

    991 days ago

    D-day for Greek debt writedown

    Greece's private investors have hours to decide whether to accept a massive writedown of the country's debts.

    994 days ago

    Greek bank deposits slump

    Bank deposits in Greece have fallen by €70bn since the start of the crisis in 2009, the finance minister said today.

    996 days ago

    Greece gets rock-bottom bond rating

    Ratings agency Moody’s downgraded Greece to the lowest point on its bond scale, following a deal with private investors that would see them ultimately lose 70% of their holdings in the country’s debt.

    998 days ago

    Greece backs new pension reforms

    Greece’s parliament has approved new reforms to the country’s struggling pension system, the latest move in a flurry of action required to secure new international rescue loans that will stave off bankruptcy.

    1000 days ago

    ECB suspends Greek bonds collateral

    The European Central Bank said today that it is suspending the use of Greek Government bonds as collateral to access central bank loans as Greece carries out a debt reduction negotiated with its creditors.

    1004 days ago

    Greek politicians approve €107bn rescue deal

    The Greek Parliament today approved a massive bond swap that will wipe €107bn off the country’s privately held debt.