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The Euro Turns 20, Prepares to Meet New Challenges

The euro turned 20 on January 1 and since its introduction has been adopted by 19 EU countries; become the second most important global currency; and been used by more than 340 million people.
Posted On 04 Jan 2022
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Photo source: Hellenic Parliament
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IMF Sees 3.8% GDP Growth in Greece for 2021

The International Monetary Fund (IMF) is forecasting that the Greek economy will grow by 3.8 percent in 2021.
Posted On 07 Apr 2021
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A Year After Bailout Exit, Commission Says Greece Making Progress

The European Commission issued a statement, marking the one-year anniversary of Greece’s exit from a nearly eight-year-long aid program.
Posted On 21 Aug 2019
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Photo Source: @European Commission
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Tsipras: ‘Liberation Day’ for Post-bailout Greece

Greek Prime Minister Alexis Tsipras described August 20, as a day of liberation for Greece, as the country completed its nearly eight-year rescue period.
Posted On 21 Aug 2018
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Photo Source: ESM / iStock.com JacobH
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Greece Exits Bailout Era Amid Uncertainty, Betting on Regaining Trust

August 20 marks Greece’s exit from a nearly eight-year-long aid program.
Posted On 20 Aug 2018
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Valdis Dombrovskis, vice-president for the Euro and Social Dialogue and Pierre Moscovici, European Commissioner for Economic and Financial Affairs. Photo Source: European Union , 2018 / Benas Gerdziunas
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EU Approves of ‘Enhanced Surveillance’ for Post-bailout Greece

The European Commission presented an “enhanced surveillance" framework in order to support Greece in its post-bailout efforts to return to “normalcy”.
Posted On 11 Jul 2018
, By
Christine Lagarde, Managing Director of the IMF; Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs; Mario Centeno, President of the Eurogroup; and Klaus Regling, European Stability Mechanism Managing Director. Copyright: European Union
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Greece Gets Eurogroup Green Light to Exit Debt Program

Greece will receive its final 15-billion-euro bailout tranche after successfully completing its fourth assessment and will exit its nearly eight-year-long aid program on August 20.
Posted On 22 Jun 2018
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Commitment to Reforms Key to Regaining Investors’ Trust in Greece, Says ESM Head

Commitment to economic reforms is vital if Greece wants to attract foreign investments, said the head of the European Stability Mechanism (ESM), Klaus Regling.
Posted On 14 Jun 2018
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EU Moves to Make Fairer Euro Transfers, Currency Conversions

The European Commission proposed legislation that will make cross-border payments in euros cheaper across the EU, aiming to facilitate trade.
Posted On 29 Mar 2018
, By
The President of the Hellenic Republic Prokopios Pavlopoulos.
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Debt Crisis a Real Enemy for Eurozone, Says Hellenic Republic President

Eurozone's real enemy is the debt crisis, President of the Hellenic Republic Prokopios Pavlopoulos said during the opening ceremony of the Delphi Economic Forum 2018.
Posted On 01 Mar 2018
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Commission Urged to Adopt a European Tourism Strategy

Tourism industry professionals, MEPs and regional authorities are urging the European Commission to adopt a comprehensive European tourism strategy.
Posted On 19 Jul 2017
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Greece’s Deal with Creditors Puts Tourism, Business Sectors at Ease

Greek tourism professionals hope that the deal reached between Greece and its lenders will lift the lingering uncertainty and allow tourism to grow.
Posted On 16 Jun 2017
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Eurogroup: Greece Gets New Lease on Life, Tourism, Business Sectors Relieved

Greece clinched additional loans from its international creditors to the tune of 10.3 billion euros on Wednesday, while Eurogroup finance ministers agreed to offer debt relief extending the repayment period and capping interest rates.
Posted On 25 May 2016
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ESM Approves Third Bailout for Greece

The European Stability Mechanism’s (ESM) board of governors approved Greece's 86 billion euro bailout program on Wednesday.
Posted On 19 Aug 2015
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Greece Fluster, Tunisia Attacks Curb Thomas Cook Gains

The Thomas Cook Group announced Thursday, that the June 26 terrorist attack in Tunisia, and the recent political and economic turmoil in Greece, were expected to take a toll on the company’s full-year profits, despite reporting solid results for the third quarter ending June 2015.
Posted On 31 Jul 2015
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Greece’s Third Bailout: Euro Summit Statement

Greece has agreed to tough reforms after marathon talks with eurozone leaders in return for a three-year bailout ended in the early morning of July 13.
Posted On 13 Jul 2015
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Greek beach
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Thomas Cook: Tourists are Enjoying Holidays ‘Without Disruption’ in Greece

British tour operator Thomas Cook said on Monday that its feedback from its team and returning holidaymakers on Greece has been that it is business as usual in the Greek resorts, with customers continuing to enjoy their holidays without disruption.
Posted On 07 Jul 2015
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SETE on CNBC: ‘We Believe in the Euro’

Alexandros Lamnidis, general manager of the Greek Tourism Confederation (SETE), told CNBC on Tuesday that SETE wants Greece to remain a member of the currency union.
Posted On 07 Jul 2015
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Culture and Tourism Minister Pavlos Geroulanos giving a speech at the Tel Aviv Hilton in Israel during an official visit. He said that he hopes Israelis would continue to visit Greece when the crisis with Turkey is over, even though prices in Greece are relatively higher as it is a member of the Eurozone.
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Israeli Tourists Opt For Greece, Snub Turkey

Greece has tourism parameters that Turkey cannot compete with, Culture and Tourism Minister Pavlos Geroulanos told the Israeli press last month during an official visit to Tel Aviv, Israel, aimed at attracting Israeli tourists to Greece.
Posted On 01 Oct 2010
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Greek Tourism Revenue Drops, Arrivals Improve

Greece’s tourism revenue dropped 11.9 percent during the first six months of the year and 15.7 percent in June, according to data from the Bank of Greece.
Posted On 01 Sep 2010
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