MARKET NEWS
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(Reuters) - Greece may shrink by up to 4.2 percent this year
(Reuters) - Greece's economy may shrink by up to 4.2 percent this year but is close to stabilising after six years of sharp contractions that have wiped out about a quarter of output, influential think tank IOBE said on Monday. Greece now needs to ensure that wage hikes do not exceed productivity growth and keep public sector spending in check to avoid the return of large fiscal shortfalls, the independent Athens-based think tank said. Read More »
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Greece set to return to growth next year, draft budget predicts
ATHENS | Mon Nov 2, 2013 5:22am EDT (Reuters) - Greece will emerge from six years of recession next year, its draft 2014 budget projected on Monday, in one of the strongest signs yet that the country has left the worst of its crippling debt crisis behind. Read More »
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The Next 50 Years in Greece
The International Monetary Fund's annual meeting kicks off in Washington on Friday, and while America's budget standoff will top the agenda, Greece's won't be too far down. At stake now, three and half years after Athens was made to accept its first bailout, is whether Greece will have to endure decades as a ward of its euro-zone neighbors. Read More »
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Eurostat confirms second quarter growth
BRUSSELS, Sept. 4 (UPI) -- The European Commission's statistical office confirmed Wednesday that the eurozone economy grew in the second quarter. Read More »
