Economy

Economy

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Greek economy to shrink by 5.8 pct in 2020

Greece’s central bank expects the country’s economy to shrink by 5.8 percent this year in its baseline scenario, but risks related to the coronavirus pandemic could bring the ...
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US, Greece hail cooperation in hydrocarbon exploration off Crete

Greek and American officials have welcomed the partnership between oil giants ExxonMobil of the US, Total of France and Hellenic Petroleum in two offshore exploration licenses off Crete ...
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Greek shipowners committed to implementing US sanctions

By David Glass, Seatrade Maritime News The Union of Greek Shipowners (UGS) remains committed to implementing US sanctions and urges members to refrain from conducting any business with ...
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Analysis Economy ENGLISH Slider: English

Is the COVID-19 crisis an opportunity to boost the euro as a global currency?

The euro never challenged the US dollar, and its international status declined with the euro crisis. Faced with a US administration willing to use its hegemonic currency to ...
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Israel facing ‘greatest economic crisis in its history’

By Middle East Monitor Israel is “facing one of the greatest economic crisis in its history” with 40 per-cent of its population struggling to pay for their basic ...
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Greece’s Mytilineos inks long-term Russian gas import contract

By Stuart Elliott, S&P Global Greek industrial group Mytilineos has signed a long-term contract with Gazprom Export for the import of Russian gas until 2030, the company said ...
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The Greek Program: a colossal failure

By Dimitri Konstantakopoulos If we judge the Greek program not on the basis of our own criteria, but on the basis of the goals it set itself and ...
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The U.S. Doesn’t Need a New Cold War

Proponents of heightening the conflict with China understate the diplomatic successes of recent years. By Robert B. Zoellick, Wall Street Journal ...
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Analysis Economy ENGLISH Slider: English

Banking Regulation in the Euro Area: Germany Is Different

By Nicholas Veron, Peterson Institute Despite progress in recent years toward a single banking policy framework in the euro area—a banking union—much of the German banking system has ...
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