News
Greece Inflation Slips to 5. 2% Amid Persistent Price Pressures
5+ hour, 53+ min ago (367+ words) Inflation in Greece eased slightly to 5. 2% in May 2026, down from 5. 4% in April, according to the Greek Statistical Authority (ELSTAT). Despite the marginal slowdown, the cost of living continues to be driven upward by persistent increases in energy, housing, and food…...
Greece Posts OECD's Biggest Unemployment Drop in December
3+ mon, 3+ week ago (377+ words) Greece recorded the largest year-over-year decline in unemployment among OECD countries in December 2025, with its jobless rate falling to 7. 5% from 9. 4% a year earlier, according to newly released OECD data. The 1. 9-percentage-point drop marked the strongest improvement in the 38-member group…...
OECD: Greek Inflation to Hit 4. 2%, Growth Cut to 1. 9%
1+ week, 7+ hour ago (489+ words) The OECD has revised its economic outlook for Greece, raising its 2026 inflation forecast nearly twofold and trimming its growth projection, as the Middle East conflict drives energy costs higher across the economy. In its latest Economic Outlook, released on June…...
Greek Farmers Markets Struggle as Shoppers Cut Back Spending
1+ week, 4+ day ago (613+ words) Despite efforts by producers and vendors to keep fresh food affordable, consumers are buying less and limiting purchases to essentials as rising living costs continue to strain household finances. Traditional open-air markets in Greece, long regarded as one of the…...
Greek Restaurants Sound Alarm Over Falling Revenues
1+ week, 6+ day ago (382+ words) Greece's food service industry is coming under increasing strain, according to the Panhellenic Federation of Restaurant and Related Professions (POESE), which warned that the latest financial data confirmed the severe pressures facing businesses across the sector. The federation said the…...
Stournaras: ECB Will Likely Raise Rates if Iran Conflict Persists
2+ week, 4+ day ago (500+ words) An interest-rate hike comes at a cost, for people, for employment, and that's why I wish we didn't have to do it," he underlined. But if the situation continues and we don't, it's going to be problematic. For the credibility…...
Greek Economy Faces Crucial Two-Week Test
1+ mon, 3+ week ago (533+ words) An IMF official says millions of unresolved non-performing loans continue to slow Greece's economic recovery, restricting credit access for households and small businesses despite post-crisis banking reforms and broader financial stabilization. The Greek economy is entering a critical two-week period,…...
Oil Prices Surge Amid Escalating Middle East Tensions
2+ mon, 3+ day ago (407+ words) Rising energy costs and prolonged geopolitical uncertainty are weighing on Greece's outlook, with inflation risks, slower growth and structural weaknesses shaping assessments by global lenders and rating agencies. Oil prices continued their upward trajectory for a third consecutive session on…...
Rethinking Wealth: Why the World's Richest Countries Aren't Who You Think
1+ mon, 2+ week ago (459+ words) Rising energy costs are driving budget revisions across Europe, with Greece already adjusting growth forecasts while households face mounting pressures. Ranking the world's richest countries can be misleading, as prosperity is no longer measured by GDP or income alone. A…...
Greece Prepares New Support Measures as Inflation Tops 4%
1+ mon, 2+ day ago (245+ words) With inflationary pressures returning amid rising fuel prices, the government is preparing targeted relief measures funded by a "200 million reserve. The plan aims to cushion households from higher energy and transport costs while preserving fiscal stability...