Greece Recession
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Fleeing a Crisis, Greek Migrants Flock Back to Australia
Greek translator Nikos Fotakis considers himself one of the lucky ones. At 39, he found himself virtually penniless, in debt, and desperate for ways to support his wife and two young children. His escape route came via his wife's birthplace. Fotakis left the turmoil in his homeland six months ago, arriving in Australia with few possessions but hope...
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Greek Journalists on Strike Against Austerity Measures
Greek journalists are on a 24-hour strike, pulling all newscasts off the air a day before a nationwide general strike against austerity measures.
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Greek recession to be much worse than expected: Prime Minister
The Greek recession this year could be much worse than expected, with the economy shrinking by "more than seven per cent," Prime Minister Antonis Samaras said on Tuesday. The central bank has previously estimated that the economy, now in its fifth year of recession, would shrink by 4.5 per cent in 2012.
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Greek pledges to meet fiscal targets amid protests
Greece will meet ambitious savings targets despite a deepening recession this year, the prime minister said on Saturday, to secure the continued flow of international rescue loans that are protecting the debt-crippled country from a catastrophic bankruptcy.
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Puffing away: Greeks beat downturn with cigars
Even as the world is facing recession, a local luxury item -- the cigar -- is defying all the odds in Greece.
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Fleeing a Crisis, Greek Migrants Flock Back to Australia
Greek translator Nikos Fotakis considers himself one of the lucky ones. At 39, he found himself virtually penniless, in debt, and desperate for ways to support his wife and two young children. His escape route came via his wife's birthplace. Fotakis left the turmoil in his homeland six months ago, arriving in Australia with few possessions but hope...
-
Greek Journalists on Strike Against Austerity Measures
Greek journalists are on a 24-hour strike, pulling all newscasts off the air a day before a nationwide general strike against austerity measures.
-
Greek recession to be much worse than expected: Prime Minister
The Greek recession this year could be much worse than expected, with the economy shrinking by "more than seven per cent," Prime Minister Antonis Samaras said on Tuesday. The central bank has previously estimated that the economy, now in its fifth year of recession, would shrink by 4.5 per cent in 2012.
-
Greek pledges to meet fiscal targets amid protests
Greece will meet ambitious savings targets despite a deepening recession this year, the prime minister said on Saturday, to secure the continued flow of international rescue loans that are protecting the debt-crippled country from a catastrophic bankruptcy.
-
Puffing away: Greeks beat downturn with cigars
Even as the world is facing recession, a local luxury item -- the cigar -- is defying all the odds in Greece.
