Greek public sector workers walked off the street in a series of protest against reforms under the international bailout.
Eurogroup President Jeroen Dijsselbloem said to begin review on Greece debt soon. The group will renew talk after Greek government continue its reform plan.
The European Bank for Reconstruction and Development (EBRD) is supporting National Bank of Greece via its trade finance scheme. From 2015, EBRD is investing in Greece, helping the crisis-hit economy recover as early as possible.
Greece recalled its ambassador from Austria, following Austria's decision to close its border for migrant. While majority of people are not satisfied with government's way in handling economic crisis.
The government of Greece has been faced with a controversy whether to approve bailout reforms required by international creditors. Bank of Greece have shown support that encourages the government to conform with the required reforms, including the tough pension system reform.
Greece was the highlight in 2015 economy when the country's economic crisis continued to a political unrest. The country faces 2016 with uncertainty after disagreement with its creditors.
The war-torn countries around the globe have been forcing fleeing of the locals to nearby countries. The large percentage of refugee migration has principally been seen from war struck countries like Syria, Iraq and Afghanistan since World War 2. Recently, millions and millions of Syrian refugees fled for shelter in their neighboring countries, but alongside their lives lack many other basic needs.
As it has been going through all the year, the Euro group meeting will entirely be focused and dedicated to Greece only. Indeed, the Greek government expects to adopt all the remaining measures needed to get hold of €2 billion second sub-tranche of the bailout programme.
The ongoing recession in Greek economy after long-lasting uncertainty is projected to end in 2016 and may witness real growth in 2017, according to European Commission (EC). The unsuccessful conclusion of second adjustment program of bailout package continued and worsened the economic recession in the ailing Greece economy further weakened the recovery prospects in the first half of 2015.
Bitcoin, the most famous digital and crypto currency, has an enormous surge of value with more than 70% raise in a month. A movement that surprised every body amidst a global economic slowdown, is coming from Chinese capital outflow invested in bitcoin.
If you are heading for Greece for sightseeing, be sure to have extra cash ready. That's because the cash-strapped country is raising prices of tickets to tourist spots as early as April.
By the middle of next year, Greece will go back to its economic growth only if the government will give importance and devoted attempt to reacquire financial strength.
Alexis Tsipras-led Greece government has proposed stringent measures in the budget for 2016 year. The draft budget for 2016 indicated a series of tough measures to restore normalcy in the ailing Greece economy.
Egyptian billionaire Naguib Sawiris plans to buy an island for Syrian refugees; wants to name it 'Ilan'
Naguib Sawiris, the third richest man in Egypt announced he wants to buy an island either in Greece or Italy to relocate refugees from the war zone, Syria. He wants to name it 'Ilan' to remember Aylan Kurdi, the Syrian boy drowned on Turkish shore.
When stock markets tumble, bonds gain momentum and vice versa. But, this time it's a different picture. Contrary to market expectations, bonds market couldn't pick up when equities across the global market dropped in August.