A study by the Labor Institute of the General Confederation of Greek Labor (INE GSEE) has confirmed that the collapse of the purchasing power of households, especially those living close to the poverty line, was caused by the rising course of inflation, which is now the most important source of instability in the Greek economy.
The Greek bourse capped another week of growth with a remarkable Friday session that saw the benchmark grow by more than 2% on the day to climb close to 880 points.
Whenever the subject of “tidying up” the problem of illegal buildings arises, we confront some of the constituent elements of Greece’s troubles: haphazard legislation, the incompetence of control mechanisms, and society’s tolerance-complicity encourage the violation of laws, principles and common sense, as when people build in gullies prone to flash floods, in forests and on…
An emergency 112 alert has been issued to residents of the northern Ionian Islands and Epirus, warning them of dangerous weather conditions from early Saturday morning and calling on them to avoid unnecessary travel.
A 14-year-old boy is expected to appear before a prosecutor after confessing to shooting his older brother dead. The body of the older brother, who was 17, was found on Thursday in Mandra, in Western Attica.
European parliamentary committee rapporteur Sophie in ’t Veld said while no definite proof emerged as to who installed and used Predator spyware on the Greek victims’ phones, and why, “everything is pointing in the direction of people in government circles.”
Greek central bank governor Yannis Stournaras said he would have preferred smaller rate hikes and any move to unwind the ECB’s 3.3 trillion euros bond-buying program should be “cautious and gradual”.
Greece’s growth rate will be 6% this year, more than the 3.2% originally expected, Bank of Greece governor Yannis Stournaras said on Friday.
Traffic police Fthiotida, Central Greece, are investigating the causes of a single-vehicle collision that resulted in the death of a driver on the Athens-Lamia national highway.
Bulgaria’s parliament gave a green light on Friday for the purchase of a second batch of eight new F-16 fighter jets from the United States in a deal valued at about $1.3 billion.