Posts Tagged ‘greece’

Greece Needs Third Bailout During Stagnation, Consists of 50-Year Bonds

by Christopher Lemieuxon February 6, 2014 4:07 am BST
Greece has been dealt numerous blows during the six-year recession, including the world’s highest unemployment rate and recently anointed with the title of most corrupt country in the world given by Transparency International. The troubled nation is looking for a third handout, which the previous two consisted of €240 billion. The third handout is looking to […]

Growth Seen as Greece’s Only Option

by Christopher Lemieuxon January 14, 2014 5:53 pm BST
Greece is looking for more help from the eurozone in the form of ongoing lowering of interest rates on existing loans, relief on financing structural funds and to further extend maturities on loans. In the sixth year of Greece’s recession that plunged the nation into emerging market status, the Greek Financial Minister Yannis Stournaras said “we […]

Deflation Hits a High Point, Greece Hits Another Low Point

by Christopher Lemieuxon December 9, 2013 6:22 pm BST
The consumer price index (CPI) hit lows in Greece as deflation increases. Inflation contracted by 2.9 percent in November, according to the ELSTAT statistics service. This was a .9 percent drop from a contraction of two percent in October. This sudden drop far exceeded economist forecasts of 1.8 percent. Textiles and clothing dropped 11 percent, […]

Euro Area Unemployment Up After Revision

by Christopher Lemieuxon July 1, 2013 1:28 pm BST
The Euro-area unemployment rate beats analyst forecasts coming in at 12.1 percent in May, beating the 12.3 percent estimates. Nevertheless, the previous month was revised lower to 12 percent in April from 12.2 percent, so this month’s showing may be a little deceptive. In the Eurozone, made up of 17 countries, there was a higher […]