financial crisis

Economic Downturn Spurs Return to Family Farms

In the face of economic hardships, many young Greeks return to work the family olive groves that have been kept in their families for generations.

Greeks Stock Up on Staples Before Tax Increase

Taxes in Greece will increase on January 1st on basic products such as tobacco, coffee and olive oil. Locals and traders are stocking up before the higher costs take effect.
Special Report

In Greece, Volunteers Provide Olive Oil for Families in Need

Dozens of volunteers in the Athens suburb of Glyfada began harvesting olives from trees growing on public land to provide oil for local residents.

Greek Producers Weigh Prospects After Tsipras Win

Greek olive oil producers consider the upcoming harvest and the way the political and economic situation may affect their industry after the country’s latest elections.
Olive Oil Times Special

Third Loan Package Reluctantly Approved by Greek Parliament

Further unsettling the Greek political landscape, the Greek Parliament and the Eurogroup approved a controversial package Friday.

Gaea CEO’s Top Priority: ‘Keep Serving Our Clients Every Day’

Aris Kefalogiannis discusses his company’s continued success, the Greek economic crisis, and the urgent need for reform in Greece.
Special Report

Greece Accepts More Austerity to Avoid Chaotic Grexit

With its economy depressed and banks closed, Greece accepted more harsh austerity measures and reforms in order to begin negotiations with European institutions and the IMF for a third bailout loan, barely avoiding a Grexit.

Shuffling Austerity Proposals, Greece and Creditors Seek Agreement

Days after Greek voters rejected a proposal for austerity measures, their government submitted a similar plan. Meetings this weekend could determine whether Greece will remain in the eurozone.