Latest News from Greece
Tsipras live — Alternatives during summit were: agreement or disorderly bankruptcy
Greek Prime Minister Alexis Tsipras on Tuesday evening again appeared on national television, not to make a proclamation or to promote a specific answer to any referendum, but this time to answer questions by two presenters on the state-run broadcaster (ERT) dealing with the whirlwind developments surrounding the “Greek euro crisis” over the recent period.
Obama: Greekment positive for Greece, Europe
US President Barack Obama on Tuesday officially welcomed an agreement between Greece and its European creditors, given that his administration has reportedly worked continuously, and behind-the-scene, to press for a deal and avert a possible global economic crisis.
Govt sources: Tsipras will fully back ‘Greekment’ ready to deal with ‘dissenters’
Greek Prime Minister Alexis Tsipras will fully back the one-article draft law outlining the “Greekment” with European creditors when it comes before a Parliament vote on Wednesday, whereas close aides again flatly dismissed reports that he will resign.
“That would be neither ethical nor expedient,” one close aide stressed.
Greece a dream destination
It is no surprise that Greece features in most travel or holidays top lists, as its breathtaking landscapes, white sandy beaches, turquoise waters and rich culture attract millions of holiday lovers from all across the world. It made it once more, coming in 5th in the Virtuoso travel consultants’ list of ‘Travel Dreams: Top 1o destinations’.
Greek Foreign Minister Visits Kosovo
Greek Foreign Minister Nikos Kotzias has arrived at the Kosovo capital Prishtina for an official visit.
He will be meeting with the country's Prime Minister Isa Mustafa and his colleague and Vice PM Hashim Thaci.
French petition to kick Germany out of Euro
The word ‘Grexit’, which refers to a possible exit of Greece from the Eurozone will most probably be added into the English dictionary, as it has entered into our vocabulary over the past year or so. A different version of that is the ‘Germanexit’, which is not as much in the fore, as a German exit from the Eurozone seems quite unlikely…Might this change, however?
Bulgaria's C-Bank New Chief to Keep Heads of Issue, Supervision Depts
Dimitar Radev, the newly elected Governor of the Bulgarian National Bank (BNB), has announced that Kalin Hristov and Dimitar Kostov will remain Deputy Governors.
IMF secret report says large debt relief needed for Greece! (document photo)
A secret IMF document leaked reveals the reasons Greece’s debt is unsustainable and the necessity for a write off. According to the document the IMF believes that for the country’s debt to be viable payments should be extended over a 60 year period.
EU to Allocate Funding to Two Energy Infrastructure Projects in Bulgaria
EU member states approved on Tuesday the proposal of the European Commission (EC) to allocate EUR 150 M to twenty key trans-European energy infrastructure projects.
Among the projects selected for receiving financial assistance under the first Connecting Europe Facility (CEF) Energy 2015 call for proposals are two Bulgarian ones.
'Fiscal Olympian Gods'…punish Greece
English newspaper The Telegraph came up with the new pantheon of Greek Gods after the debt ridden country agreed on Monday to push through a series of harsh measures in exchange for a 3-year bailout plan to salvage its economy and position in the Eurozone. The terms of agreement are so cruel that some have characterized it as a form of ‘occupation’.
Bodrum streets now hosting Pakistani refugees
After previously hosting refugees from Syria and Myanmar, the streets of Turkey's resort town of Bodrum are now being used as an outdoor camping site by Pakistani refugees.
Bodrum's bazaar, known for its attraction for domestic and foreign tourists, has now become an outdoor home to many young Pakistani men who left their country for a better life.
Greek PM faces 'Gordian Knot' to pass reforms for deal
Greek Prime Minister Alexis Tsipras had less than 48 hours to pass a series of pro-market reforms in parliament and smother dissent from hardliners within his own ranks as he races to meet the terms of an unpopular bailout deal.
Reuters economist poll: Greece not out of the Grexit…’woods’
Greece might have avoiding crashing out of the Eurozone by sealing a last minute agreement with its creditors Monday morning at the EU-19 Summit in Brussels, but an increasing number of pundits believe the risk of a Grexit is not off the table.
Greece was humiliated says Austrian Chancellor
The Austrian Chancellor, Werner Faymann said a Grexit could not be ruled out despite the deal reached between Greece and its EU partners Monday morning. In an interview Tuesday, to Austrian newspaper ‘Kurier’ he confirmed reports that at one the atmosphere during the negotiations was bitter and acrimonious.
SYRIZA MP, Greek Alternate FM Resigns After Bailout Agreement
Greek MP from the main ruling party SYRIZA and alternate foreign minister for European affairs Nikos Hountis announced his resignation on Monday.
He is the first leftist MP to resign since Greece reached an agreement with eurozone leaders on a third bailout on Monday.