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Tag Archives: shrank

ELSTAT: Greece’s GDP shrunk by 26% since 2010, public debt surged

Greece’s GDP shrunk by 61.6 billion euros (26 percent) since 2010, the time span when three bailout memorandums with institutional creditors were signed and implemented, figures showed this week. Additionally, general government revenues decreased by five billion euros, with public sector wages, pensions and welfare benefits cut by 19.13 billion …

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Finally Greek success story: Recession shrank thanks to tourists

There it is! Success and development. And growth. Everything goes upwards and I really do not understand why Greeks still complain about austerity, income shrinking and a non-stop misery. Recession shrank in the second quarter and thus due to several millions of tourists that picked up Greece for their summer …

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