Greece faces slow, jobless recovery next year ATHENS, Greece (AP) ? Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three years, the country's international debt inspectors said. Greece enters sixth year of recession Data released last week showed Greece entered its sixth straight year of recession, but there is now cautious optimism about the economy's prospects although unemployment is still hitting record highs and consumers are squeezed by pay cuts and tax hikes. Pro-drachma party launches in Greece Greece sees the launch of a new political party, Plan B, which supports leaving the euro and returning to the drachma. Greece's Piraeus hire banks to advise on share issue - sources ATHENS (Reuters) - Greece's second-largest lender Piraeus Bank (BOPr.AT) has hired four international investment banks as advisers on its 7.33 billion euro (£6.2 billion) share issue, two bankers close ... Fitch upgrades Greece's credit rating ATHENS, Greece (AP) ? Debt-hobbled Greece got a new morale boost Tuesday, with Fitch ratings agency upgrading its sovereign credit grade, a day after the country's European creditors backed the release of a new rescue loan payment. Greece uses emergency power on striking teachers ATHENS, Greece (AP) ? The Greek government said Monday it will use emergency powers to prevent protesting teachers from disrupting university entrance exams this month. Civil servants' unions retaliated by calling a 24-hour strike for Tuesday. Women in Greece aren?t giving up on childbirth?they?re just waiting till 40 It?s been a while now since I wrote this article on how Greece?s fertility bust and our unenlightened response to it helped build our mountain of debt in the ?80s and set us on course for the sovereign ... Greece sells debt cheaper as loan gets disbursed Greece saw the interest rate it has to pay to get investors to lend it money fall further Tuesday, a day after its European creditors backed the release of the country's next batch of rescue loans. The ... Greece enters sixth year of recession, but prospects improving (ATHENS ) - Data released last week showed Greece entered its sixth straight year of recession, but there is now cautious optimism about the economy's prospects although unemployment is still hitting record highs and consumers are squeezed by pay cuts and tax hikes. You can save this news page by submitting it to your favorite sites:
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