Friday October 31, 2014 Search
Weather | Athens
18o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Cause for optimism

The news that Greece last year achieved a current account surplus for the first time since 1948 shows that not only is it making remarkable progress, but also that it is in a position to regain the trust of its international creditors and the international markets.

What the figures show, in short, is that more money came into the country last year than left.

This fine balance is mainly due to the economic slump, which in turn led to a significant reduction in the volume of imports, but also to other factors that are cause for optimism.

What the figures mean is that Greece is no longer grappling with the twin deficit in the budget and in its current accounts, which five years ago effectively led the country to almost declare bankruptcy and to seek a bailout from its peers.

Without doubt, this is good news that will be taken into account by decision makers.

ekathimerini.com , Thursday February 20, 2014 (09:16)  
The judiciary’s responsibility
Findings raise eyebrows
Countering Turkish swagger in the Eastern Mediterranean
Time is running out in Afghanistan
Greek PM appoints new defense, development ministers [Update]
Greek Prime Minister Antonis Samaras named his development minister to the defence ministry portfolio on Friday to replace Dimitris Avramopoulos, who is set to become an EU Commissioner. Nik...
PSI victims protest in Athens, Thessaloniki
Holders of Greek state bonds staged a protest rally outside the Finance Ministry in Athens on Friday, demanding amends for their substantial losses after the PSI debt restructuring in 2012. ...
Inside News
Eurozone inflation up, unemployment steady, Eurostat reports
Eurozone inflation edged up to 0.4 percent from multi-year lows while unemployment was little changed, official data showed on Friday, providing only limited reassurance that a modest econom...
Greek retail sales rise for third month in a row
Greek retail sales by volume rose 7.4 percent in August compared to the same month last year, after a downwardly revised 4.7 percent increase in July, statistics service ELSTAT said on Frida...
Inside Business
BASKETBALL
Obradovic watches Greens thrash his Fenerbahce
The second homecoming of former Panathinaikos coach Zeljko Obradovic, now at Fenerbahce, was not as emotional as last year’s, but it was certainly was the night of an emphatic triumph for th...
SOCCER
Berg returns to add spice to Panathinaikos´s Cup win
The second round of games for the group stage of the Greek Cup produced plenty of interesting games and results in midweek, but it still lags the upset potential that the knock-out stages of...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek PM appoints new defense, development ministers [Update]
2. PSI victims protest in Athens, Thessaloniki
3. Archaeologists find underground vault in Amphipolis tomb
4. Eurozone inflation up, unemployment steady, Eurostat reports
5. Nikos Dendias appointed defense minister
6. Police clear apartment used by rebel monks
more news
Today
This Week
1. Man shot dead, woman injured in Vathis square attack
2. Cyprus’s Georgiades bets on economy for Irish-style bailout exit
3. Germany’s 10-year bonds decline before euro-area inflation data
4. New defense minister to be appointed without reshuffle
5. Greek retail sales rise for third month in a row
6. Traffic accidents rise 1.3 pct in August, year-on-year
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.