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The Athens Stock Exchange saw Greek shares fall 6% on Tuesday. Photo by greekshares.com
Falling confidence in Greece's economic policies and ability to pay its debts have seen Greek shares slump 6%.
The decline came after the Fitch credit rating agency cut Greece's rating to a 10-year low. Greek bond prices also fell as a result, the BBC reported.
Fitch's move underscores the fact that Greece's debt is the most expensive to service in the eurozone.
The European Commission urged the Greek government to take "more measures" to reduce its deficit.
Greece has the highest debt of the 16-member eurozone - forecast at 125% of gross domestic product next year.
The United States is expanding shipments of liquefied natural gas to Southeast Europe and Ukraine via Greece, according to remarks by the US Ambassador to Athens, Kimberly Guilfoyle
Greece has raised its minimum monthly wage to 920 euros as of today, marking an increase from the previous level of 882 euros, according to official information
Greece has reportedly expanded its regional air defense involvement, including measures linked to the protection of Bulgarian airspace, amid heightened tensions in the wider Middle East following strikes involving the US, Israel and Iran
Eurostat provisional estimates, cited by Bulgaria’s National Statistical Institute, indicate significant disparities in GDP per capita across the European Union in 2025 when measured in purchasing power standards
A 23-year-old Bulgarian man has been arrested in Thessaloniki following a rapid police operation after a series of crimes committed within a short timeframe in northern Greece
An earthquake with a magnitude of around 5 on the Richter scale struck the Aegean Sea at 9:08 p.m. yesterday, with tremors felt across large parts of Bulgaria.
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the ongoing war in the Middle East is expected to push inflation higher while simultaneously slowing global economic growth
Turkish authorities have launched a full-scale investigation after a shooting outside a building hosting the Israeli consulate in Istanbul left two attackers dead, one wounded, and several police officers injured
Fuel prices in Germany have recently reached new highs, with diesel briefly exceeding 2.40 euros per litre during the Easter holiday period before easing slightly afterward
Fares for the Bucharest metro system are set to increase by 40 percent starting May 1, according to a draft regulation published by Romania’s Ministry of Transport and reported by Agerpres.
At least 10 people were killed and several others injured in an Israeli airstrike near a school sheltering displaced civilians in central Gaza Strip, according to local health officials
The crew of Artemis II has set a new milestone in human spaceflight, traveling farther from Earth than any astronauts before them. During their journey
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
