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Pros and cons of the rise of the euro against the dollar

A strong currency in the long term will have adverse effects on the Greek economy

By Dimitris Kontoyiannis - Kathimerini English Edition

The euro continues to gain ground against the dollar, hitting one record high after the other, but the authorities and most people in Greece are more preoccupied with developments in the ruling conservative New Democracy party and the main opposition PASOK party.

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Continue reading Comments (0) 29-10-2007

Chronic problems are still at large and menacing

Economy and Finance Minister Giorgos Alogoskoufis (right) is said to fear that European Union Economic and Monetary Affairs Commissioner Joaquin Almunia (left) will press for a value-added tax hike next year, when the ambitious budget revenue targets may look unattainable.

NIKOS NIKOLAOU

alogoskoufis

The newly sworn-in Greek government has to show results soon or it is bound to earn discontent. It became clear at last week's first Cabinet meeting - a whole 20 days after the election

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Continue reading Comments (0) 17-10-2007

Greek Economy

Economy

Greece operates a capitalist economy that produced a GDP of $251.7 billion in 2006. The principal economic activities mainly include the tourism and shipping industries, banking & finance, manufacturing and construction and telecommunications.

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Continue reading Comments (0) 31-05-2007


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