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Greek economy slips back into recession

Greece`s economy contracted by 0.2 percent in the first quarter of this year, preliminary data from the national statistics agency ELSTAT showed Wednesday, pushing the country back into recession.

Greek lawmakers approve tough budget

The coalition government, which enjoys a narrow majority in the 300-seat chamber, scraped through with 153 deputies backing the 2014 budget in a late evening vote yesterday.

Greece enters sixth consecutive year of economic recession

The level of unemployment in Greece hit a record 27.2 percent in January, up 5.7 percentage points year on year.