Page 2 - While Greece News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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While Greece has made some progress in restoring its macroeconomic stability and implementing much-needed initial fiscal adjustments since 2009, the highly unproductive public sector accounts for more than 50 percent of gross domestic product (GDP), and the country continues to confront a daunting debt burden and severe erosion of competitiveness. Serious challenges remain in government spending and freedom in labor and product markets. The fiscal deficit remains approximately 4 percent of GDP, and public debt exceeds 170 percent of GDP.

ATHENS - While Greece’s Social Security agency, EFKA, cleared 96 percent of 1 million backlog of pension applications, the New Democracy government plans to hire 224 managers to help, including from the private sector. That would include 24 senior managers at top level positions paying up to 8,00

ATHENS - While Greece is already nearly overflowing with tourists kept away during the COVID-19 lockdown years, many Greeks hit with near-record inflation and price hikes can't afford to take vacations in their own country. Taking a domestic holiday in Greece costs some 30 percent more than it di

ATHENS – While Greece and Turkey agreed to a shaky detente to ratchet down tension during Russia's invasion of Ukraine, Greece is arming itself to the hilt in case a conflict ever does break out. Greece signed deals to acquire three Belharra navy frigates and six additional Rafale fighter jets fr