Latest News from Greece
Grecian summer ‘eye candy’
The Greek economy’s credit ratings might be close to zero, but the country’s sun and sea are “blue chip shares”. July is the hottest month of summer in Greece. Here are some photos and videos that might not…cool you down, but that are definitely “candy” for your eyes.
Earthquake in the NW Peloponnese
A 4.3 on the Richter scale earthquake has hit the western port city of Patras,, northwest Peloponnese, at 7.10 p.m. (17.10 GMT) on Sunday.
Patras is the 3rd largest city of Greece after the capital, Athens, and Thessaloniki. The epicenter was located approximately 48 kilometers south of the city. So far no damages have been reported.
Greece 'Should Adopt New Laws by Wednesday'
The Greek Parliament should pass fresh legislation by Wednesday if it is to receive new bailout assistance, Finnish Finance Minister Alexander Stubb has said.
Stubb made his comments just after the Eurogroup's Sunday session on Greece ended to give way to a meeting of Eurozone leaders.
German president Gauck: Cannot image Eurozone without Greece
A personal Tweet by one of three reporters that interviewed German Federal President Joachim Gauck for ZDF television, the journalist noted that the latter said he “cannot imagine a Eurozone without Greece”.
The interview is scheduled to appear on Sunday evening in Germany.
Reports: ‘Bail-in’… considered for crisis-swamped Greek banking system
While Greek PM Alexis Tsipras scrambled to clinch a 12th hour deal in Brussels at the EU-19 Summit on Sunday, senior officials in Athens reportedly told the Sunday Times that capital controls on Greek bank deposits will remain in place for at least six more months.
Snafu with new Greek FinMin corrected by hand
Oxford-educated Eucleid Tsakalotos may have succeeded Yannnis Varoufakis as Greece’s finance minister this past week, but EU bureaucracy apparently hadn’t gotten the memo, given that the “erratic Marxist” initially appeared on seating arrangements for Sunday’s Eurogroup meeting.
Varoufakis’ name was later crossed out by pen, with his successor’s name written by hand instead.
Russia Mulls Energy Supplies to Greece, Energy Min Says
Russian Energy Minister Alexander Novak has said his country is considering options to provide direct energy supplies to Greece.
Energy cooperation might be expanded since Moscow and Athens are "working on them [supplies of raw materials] and we expect an agreement to be reached in a few weeks' time," Russian business daily RBC quotes Novak as saying.
Greek crisis reaches…space (tweet-pics)
The Greek crisis has unquestionably generated numerous media headlines over the past 5 years. As crunch time approaches, however, it seems it has gone beyond the boundaries of our earth, literally. US astronaut Scott Kelly, who is stationed on the International Space Station, tweeted his best wishes to Greece for today’s Eurozone summit.
EU Leaders Divided over Greece Bailout Talks
Growing discord has started to emerge hours before Sunday afternoon's Eurozone summit which is due to decide whether to grant Greece another bailout package or move to "Plan B".
"Italy does not want Greece to exit the euro and to Germany I say: enough is enough," Italian PM Matteo Renzi told Il Messaggero newspaper.
DW: Does Bulgaria Hope for a Grexit?
A Grexit scenario could also have positive consequences for Bulgaria, with a number of Greek companies potentially moving northwards, Deputy MP Tomislav Donchev has told Deutsche Welle.
2 scenarios emerge in Brussels: Vote by Wed. for more austerity measures or… Grexit
The latest news from Brussels includes a WSJ dispatch claiming that a German proposal, eyeing a five-year exit by Greece from the eurozone, may be included in a Eurogroup draft.
With a EU28 summit on Sunday now cancelled, all eyes are on a Eurozone summit, meaning national leaders and not finance ministers.
Russian energy minister: Moscow studying direct energy shipments to Greece
The state-run Russian news agency on Sunday announced that the Kremlin is “… is looking into the possibility of delivering energy to Greece directly…”.
The news site quotes Russian Energy Minister Alexander Novak as saying the idea aims to “renew” the crisis-hit country’s economy.
Another form ‘Finlandization’ infecting Euro area?
Another form of “Finlandization” has apparently plagued the Eurozone over the weekend and is now viewed as the main obstacle towards achieving a new bailout deal with crisis-stricken Greece, one that would avert the east Mediterranean country’s euro membership meltdown.
EU cancels summit on Greece as eurozone talks continue
The EU cancelled a full 28-nation summit on July 12 to decide Greece's fate in the single European currency, although a meeting of leaders from the 19 countries in the eurozone will go ahead as planned.
EU-28 Summit on Greece Cancelled
European Council President Donald Tusk has cancelled the summit meeting of European Union heads of government scheduled to discuss Greece on Sunday.
Tusk wrote on Twitter that only a "EuroSummit", one of leaders of Eurozone member states, will take place at 16:00 local time - when the European Council was due to begin.