Bank of Greece Governor Giorgos Provopoulos is due on Tuesday to highlight the need for the application of a comprehensive plan for growth and for no further delay in the application of the program Athens has agreed with its creditors in his annual report on the Greek economy.
He is also set to estimate a further decline in salaries by 10 percent this year in the context of the application of new measures to boost competitiveness.
Notably, his estimate for the recession this year is going to be even worse that 4.5 percent for this year as announced by the Bank of Greece a month earlier, as it will range between 4.5 and 5 percent.
The rebound is not going to come before end-2013, Provopoulos will suggest.
Two people are in intensive care and another 11 are being treated for minor injuries after an explosion in a taverna on the island of Salamina, off the coast of Piraeus, on Sunday morning.
F...
A bomb went of on the street where the Greek embassy in Tripoli, Libya, is located but the building was not damaged and there were no injuries, the Foreign Ministry said on Saturday.
"This l...
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...
Certain people have created a monster and now, when they observe it, they wonder what it is. Golden Dawn, along with all its slogans and behavior, is the work of many, not one single person....
The country has a unique opportunity to turn the page. Society has displayed incredible maturity and responsibility, despite all the hardships. Reforms which had been under discussion for de...
