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BoG: Failure to agree would lead Greece out of the eurozone

"Failure to reach an agreement would mark the beginning of a painful course that would lead initially to a Greek default and ultimately to the country's exit from the euro area and – most likely – from the European Union," according to Bank of Greece's report on Monetary Policy 2014-2015.

  • Published in Greece

Drop in Greek account deficit

In a report, the country's central bank said that in May 2014 the current account balance showed a deficit of 246 million euros, against a 70 million surplus in May 2013, as a result of a rise in the deficits of mainly the trade balance and also the income account balance, as well as a year-on-year shift of the current transfers balance from surplus to deficit.

  • Published in Economy

A Crisis Tale

“The summer of 2012 was a particularly difficult period”, Giorgos Provopoulos said and added that he is ready to take a long vacation now after all that anxiety.

  • Published in Economy
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