Latest News from Greece
Greece to back NATO-led campaign against ISIS, Kammenos says
Greece will join the United States and other NATO members in efforts to defeat militants of Islamic State (ISIS), an issue which is expected to be discussed in the summit of the transatlantic alliance in Brussels next month, Defense Minister Panos Kammenos said on Friday.
Nearly 800 irregular migrants detained as EU mulls refugee relocation plan
Nearly 800 undocumented migrants were detained in the Aegean Sea on Friday amid reports that the European Commission is set to propose plans for the redistribution of 40,000 asylum-seekers across the European Union.
Albanian parliament vice-speaker refers to … Chams — Irredentism making a comeback?
“Albanians of .. Cameria” was the latest irredentist “pipedream” heard in the increasingly tense western Balkans this week, uttered by none other than an Albanian lawmaker who assumed a vice-speaker’s position in that country’s Parliament.
The phrase belongs to one Shpëtim Idrizi, listed as the president of the small nationalist Party for Justice, Integration and Unity.
Greek yields climb after Riga summit
German bond yields headed for their first weekly fall in five weeks on Friday as the market focused again on central banks? continued use of heavy stimulus, which is helping to bring stability after weeks of violent price swings.
Georgios Michelis said to be next HFSF chief
Georgios Michelis, a former executive at Emporiki Bank, is on track to become chairman of Greece?s bank rescue fund, according to two euro-area officials.
Italian finance minister sees Grexit as bigger risk in medium rather than short term
Greece crashing out of the euro, or ?Grexit,? doesn?t pose a short-term risk to the shared European currency but a medium-term one as it demonstrates that the union is not permanent, Italy?s finance minister said on Friday.
'Hello dictator,' Juncker says to Hungary's Orban
European Commission head Jean-Claude Juncker teased Hungarian Premier Viktor Orban over his strongman reputation Friday, jokingly greeting him as "dictator" as he arrived at an EU summit in Riga.
Juncker, Tsipras eye Greece deal in early June
Prime Minister Alexis Tsipras and European Commission President Jean-Claude Juncker held talks in a very friendly and constructive climate on the sidelines of an EU leaders' meeting in Riga on Friday, according to sources who indicated that the two men looked to a possible deal early next month.
IMF's Lagarde says much work left to be done on Greece deal
A potential deal to help resolve Greece's debt crisis still requires a lot of work and must not be rushed, the head of the International Monetary Fund said on Friday.
Greece to cut bank rescue fund managers' pay by 40 percent
Cash-strapped Greece will cut the pay of bank bailout fund executives by 40 percent because their salaries are a "provocation" during a time of austerity cuts elsewhere, the finance ministry said on Friday.
Schaeuble said to raise possibility of Greek parallel currency
By Birgit Jennen and Rainer Buergin
German Finance Minister Wolfgang Schaeuble raised the possibility that Greece may need a parallel currency alongside the euro if the country?s talks with creditors fail, people familiar with his views said.
IMF participation in Greek debt talks 'essential,' German ministry says
Germany views the role of the International Monetary Fund (IMF) in negotiations over Greece's reforms as completely necessary, a spokesman for the finance ministry in Berlin said on Friday.
"We believe it is absolutely essential that the IMF participates,» finance ministry spokesman Martin Jaeger told a regular government news conference.
Berlin: No agreement with Greece without the IMF
“There is no agreement with Greece without the IMF” is Berlin’s clear answer to various scenarios which sees the IMF removing itself from the Greek program.
A representative for Wolfgang Schaeuble stated that the participation of the IMF in the Greek aid package is a requirement.
French, German leaders hold talks with Greek PM in Riga
Greek Prime Minister Alexis Tsipras held "friendly and constructive" debt talks with the leaders of France and Germany May 21, but gave no sign of a breakthrough ahead of a crucial June deadline.