Greece Economy
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Microsoft Plans to Build 3 New Data Centres in Greece, Invest in Country’s Cloud Services
Microsoft looks to build a new data centre in Greece as it invests in cloud services infrastructure in the country, a boon to an economy weakened by a decade-long debt crisis and the coronavirus pandemic.
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European Union, Greece Seek Bailout Deal By Friday
Greece and its international lenders remained at odds in talks to release fresh bailout loans to Athens on Wednesday as Prime Minister Alexis Tsipras said a deal was needed this week and accused creditors of 'playing games' and causing delays.
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John Kerry Confident Greece Will Keep Up Reform Effort
The US Secretary of State says he expects Greece's government will keep on track with reforms needed to revive its crisis-battered economy, and has offered Washington's support in the task.
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Challenging Task Ahead For Alexis Tsipras After Poll Victory: Greek Media
Greek Prime Minister-elect Alexis Tsipras has reaffirmed his dominance on the political landscape, but now faces the challenging task of building consensus in a fractious society traumatised by years of austerity, local media said today.
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Despite Coalition Efforts, Greece Heads for Polls
Greece's president formally gave the conservative opposition a chance today to form a new government after leftist Prime Minister Alexis Tsipras resigned, but the country appears almost certain to be heading to an election next month.
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Banks Reopen, Taxes Hiked as Greece Seeks to Reboot Economy
Greek banks reopened today after a shutdown lasting three weeks imposed by the government to avert a crash in the banking system over the country's debt crisis.
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Greece Prepares to Reopen Banks, Apply Tax Hikes
Greece prepared today to restart its struggling economy with a revamped government, a bank reboot and a new round of tax hikes agreed after months of fraught confrontation with its creditors.
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Oil Prices Fall as Iran, Global Powers Reach Nuclear Deal
Oil prices tumbled more than a dollar today as Iran and six global powers reached a nuclear deal that could see an easing of sanctions against Tehran and a gradual increase in its oil exports just as Asian economies showed further signs of weakness.
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Russia Considering Direct Fuel Deliveries to Help Greece: Report
Russia is considering direct deliveries of fuel to Greece to help prop up its economy, Energy Minister Alexander Novak said Sunday, quoted by Russian news agencies.
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Greek Newspapers Running Out of Paper
With banks shut and the economy seizing up, some Greek newspapers like the Empros daily on the island of Lesvos are running out of paper and could be forced to stop sales altogether until the banks open again.
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Microsoft Plans to Build 3 New Data Centres in Greece, Invest in Country’s Cloud Services
Microsoft looks to build a new data centre in Greece as it invests in cloud services infrastructure in the country, a boon to an economy weakened by a decade-long debt crisis and the coronavirus pandemic.
-
European Union, Greece Seek Bailout Deal By Friday
Greece and its international lenders remained at odds in talks to release fresh bailout loans to Athens on Wednesday as Prime Minister Alexis Tsipras said a deal was needed this week and accused creditors of 'playing games' and causing delays.
-
John Kerry Confident Greece Will Keep Up Reform Effort
The US Secretary of State says he expects Greece's government will keep on track with reforms needed to revive its crisis-battered economy, and has offered Washington's support in the task.
-
Challenging Task Ahead For Alexis Tsipras After Poll Victory: Greek Media
Greek Prime Minister-elect Alexis Tsipras has reaffirmed his dominance on the political landscape, but now faces the challenging task of building consensus in a fractious society traumatised by years of austerity, local media said today.
-
Despite Coalition Efforts, Greece Heads for Polls
Greece's president formally gave the conservative opposition a chance today to form a new government after leftist Prime Minister Alexis Tsipras resigned, but the country appears almost certain to be heading to an election next month.
-
Banks Reopen, Taxes Hiked as Greece Seeks to Reboot Economy
Greek banks reopened today after a shutdown lasting three weeks imposed by the government to avert a crash in the banking system over the country's debt crisis.
-
Greece Prepares to Reopen Banks, Apply Tax Hikes
Greece prepared today to restart its struggling economy with a revamped government, a bank reboot and a new round of tax hikes agreed after months of fraught confrontation with its creditors.
-
Oil Prices Fall as Iran, Global Powers Reach Nuclear Deal
Oil prices tumbled more than a dollar today as Iran and six global powers reached a nuclear deal that could see an easing of sanctions against Tehran and a gradual increase in its oil exports just as Asian economies showed further signs of weakness.
-
Russia Considering Direct Fuel Deliveries to Help Greece: Report
Russia is considering direct deliveries of fuel to Greece to help prop up its economy, Energy Minister Alexander Novak said Sunday, quoted by Russian news agencies.
-
Greek Newspapers Running Out of Paper
With banks shut and the economy seizing up, some Greek newspapers like the Empros daily on the island of Lesvos are running out of paper and could be forced to stop sales altogether until the banks open again.
