ATHENS, Greece (AP) — Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three years, the country's international debt inspectors said.
Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign ...
ATHENS, Greece (AP) — Debt-hobbled Greece got a new morale boost Tuesday, with Fitch ratings agency upgrading its sovereign credit grade, a day after the country's European creditors backed the release of a new rescue loan payment.
Last Friday, the Global X FTSE Greece 20 ETF (NYSE: GREK ) surged over five percent on volume that was nearly six times the daily average. Much of that move can be attributed to the 19.5
Data released last week showed Greece entered its sixth straight year of recession, but there is now cautious optimism about the economy's prospects although unemployment is still hitting record highs and consumers are squeezed by pay cuts and tax hikes.
While the improving markets mean bettors on the country’s stocks and bonds have made a killing, the real economy is still in dire straits, with the jobless the main sufferers
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