The head of the European Commission’s Task Force to Greece, Horst Reichenbach, told a conference in Brussels on Monday that Greece has made considerable progress in streamlining its finances and that the Greek government “is focused on reforms, has clear priorities and its determination to proceed from words to acts is making me optimistic.”
Addressing a one-day event at the Center for European Policy Studies (CEPS), the German official admitted that “the economic situation in Greece is very bad,” but expressed his view that significant steps have been taken in the right direction.
International Monetary Fund data showed on Monday that Greece is set to achieve the greatest fiscal adjustment not only within the eurozone but also among emerging countries from 2009 to 2013: In this period Greece will have reduced its structural deficit by 17.5 percent of gross domestic product, with Iceland a distant second, with a 5.7 percent of GDP adjustment.
European Union leaders on Wednesday sought to advance their fight against tax fraud and close the loopholes for large corporations' tax avoidance schemes.
European officials say tax fraud co...
IMF chief Christine Lagarde will be questioned by a French magistrate on Thursday over her role in a 285-million-euro (242 million pounds) arbitration payment made to a supporter of former p...
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
One of the biggest problems dragging the Greek economy down is the pressure placed on entrepreneurs aspiring to do business in sectors dominated by the “pirates” and “pimps” of the business ...
Greek taxpayers have had to pay dozens of millions of euros for the restoration and conservation of the capital’s landmark buildings, including Athens Polytechnic and the so-called neoclassi...
