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The 2017 budget may cause recession

The government’s 2017 state budget has a “strongly recessionary character” although the effects might be somewhat offset by a change in economic climate if the program review is completed, the parliamentary budget office said on Wednesday in its report on the draft submitted by the government.
The draft budget is currently being discussed at the parliament’s economic committee. 

Greeks renting out homes short-term to visitors

All the more cash-strapped Greeks are renting out their properties to tourists in efforts to make ends meet while taking advantage of a vague legal framework, according to a survey by Danos Real Estate, Consulting & Valuation.

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