Germany is at last bowing to pressure as a chorus of countries and key institutions demand debt relief for Greece, a shift that could break the five-month stalemate and avert a potentially disastrous rupture of monetary union at this Sunday’s … Read the rest
Unbelievable scenes on the island of Lesvos as refugees try to raid a food truck. The incident took place when nearly 2,500 migrants hosted in the camp of Lesvos (Mytilene) municipality in Kara Tepe saw the catering truck approaching. They … Read the rest
Greece has officially asked for a three-year loan facility from the European Stability Mechanism (ESM) and agreed to quick reforms, promising to present a new plan on July 9 at the latest.
“The loan will be used to meet Greece’s … Read the rest
Nearly 150 protesters rallied in the streets of Athens Monday just hours after the Greeks voted resoundingly to reject more austerity measures in exchange for another bailout from the country’s international lenders.
The triumph of the No camp in the … Read the rest
Banks in Greece and the country’s stock exchange will be shut all week in a sign of the deepening financial crisis.
The drastic move comes after people rushed to withdraw their cash amid panic ahead of the referendum on bailout … Read the rest
AFP reports that Eurogroup head Jeroen Dijsselbloem on Saturday said Greece’s decision to hold a referendum over the future of its bailout programme was a “sad” decision that shut the door to further talks.
“The Greek government has apparently rejected … Read the rest
BRUSSELS — The latest developments involving Greece and its bailout negotiations:
5:35 p.m./ 1535GMT/ 11:35 a.m. EDT
The eurozone’s top official, Jeroen Dijsselbloem, says new proposals from Greece came in too late for a proper assessment during the European … Read the rest
The Greek authorities want to investigate alleged misconduct by a number of journalists who attended seminars organized by the IMF and were allegedly instructed to promote the organization’s advice to Greece.
The accusations were voiced by Greece’s former representative to … Read the rest
Russian Deputy Finance Minister Sergei Storchak spoke with Greek PM Alexis Tsipras today, proposed that Greece become 6th member of New Development Bank set up by Brazil, Russia, India, China, South Africa, a Greek govt official says in e-mail to … Read the rest
Cash-strapped Greece fell well short of its budget deficit reduction targets last year, official figures showed Wednesday in a development that’s likely to add pressure on the radical left-led government during tortuous talks with bailout creditors.
The country’s statistical authority … Read the rest
The Greek prime minister’s visit to Moscow aimed at improving relations with Russia angers many in Europe – this is what reports in Greek media, covering the visit, boil down to.
Greek Prime Minister Alexis Tsipras is on a two-day … Read the rest
Russia may offer Greece a discount on gas deliveries and new loans when Greek Prime Minister Alexis Tsipras visits Moscow this week, the Kommersant business daily reported on Tuesday, citing one source in the Russian government.
A Kremlin spokesman said … Read the rest
According to the official economic fairy tale, the US economy has been in recovery since June 2009.
This fairy tale supports America’s image as the safe haven, an image that keeps the dollar up, the stock market up, and interest … Read the rest
Illegal immigration into Europe is being fuelled by airlines that sell budget tickets from North Africa for as little as £120, a senior European border control official has warned.
Migrants buy low-cost, one-way tickets from Morocco and Algeria to Turkey … Read the rest