Italy

According to Deutsche Welle, the German daily Süddeutsche Zeitung has described the heated debate between the Eurozone finance ministers over the austerity measures that will have to be imposed on Greece, saying that Berlin is pressing for a ten-year extension of the 3,5% primary surplus target that was originally set for 2018.

Wintry conditions and already-eliminated opposition will be all that stand between Beşiktaş and a date with destiny in a maiden trip to the knockout round of the Champions League when the Black Eagles head to Ukraine to take on Dynamo Kyiv on Dec. 6. 

“Greece has to become competitive to regain the trust of the markets and that is a long road”, German Finance Minister Wolfgang Schauble stated during his arrival at the EuroGroup meeting in Brussels, Monday.

Matteo Renzi in Bruxelles - Photo: Governo Italiano

BELGRADE - Italian Prime Minister Matteo Renzi has announced his resignation after exit polls showed he had lost the constitutional reform referendum.

As Italian Prime Minister Matteo Renzi resigned following his referendum defeat, Greek Prime Minister Alexis Tsipras called for greater political and economic solidarity among member states of the European Union.

Turkey’s bellicose stance towards Greece on the status quo of islands in the Aegean Sea is not something that has emerged out of the blue. The adoption of of a well planned policy that disputes the sovereignty of Greece over a series of islands and island rocks in the Aegean Sea began after the two countries came close to a military conflict in 1996 over the rock island of Imia.

Germany is "concerned" by the government crisis in Italy sparked by the resignation of Prime Minister Matteo Renzi following his referendum defeat, Foreign Minister Frank-Walter Steinmeier said on Monday.

"We are watching the result in Italy with concern," Steinmeier, who is visiting Greece, told Greek Prime Minister Alexis Tsipras in televised remarks.

Italian Prime Minister Matteo Renzi has conceded defeat in a referendum organized on Sunday, and announced his resignation.

During a press conference in Rome, he said he would on Monday call a meeting of his cabinet, and later submit his resignation to the Italian president.

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Italian Prime Minister Matteo Renzi announced his resignation on Dec. 5, hours after it was confirmed he had suffered a crushing defeat in a referendum on constitutional reform that has sparked fresh jitters about the fate of a united Europe.