Latest News from Greece
Greece seeks to change Fraport airports deal, source says
Greece is trying to change the conditions of a deal to lease 14 regional airports to a joint venture led by German airport operator Fraport, a source familiar with the matter told Reuters.
The deal, worth 1.2 billion euros ($1.3 billion), was agreed in 2014 but has been hit by turmoil caused by the election of the new leftist-led, anti-austerity government in January.
Commission Approves Stability Deal for Kosovo
Bekim Collaku, Kosovo's Minister of European Integration, said the European Commission had adopted a Stabilization and Association Agreement, SAA, proposal with Kosovo on Thursday and sent it for approval to the Council of European Union.
"We welcome such a decision, which brings Kosovo closer to signing an SAA and closer to EU integration," Collaku told BIRN.
Greece resumes debt talks with creditors
Greece on Thursday resumed talks with its international creditors on critically-needed bailout funds as officials warned that time was running out for a deal.
"Talks have resumed and are now going on continuously over the coming days," European Commission spokesman Margaritis Schinas told reporters.
Transport Strikes to Disrupt Traffic in Greece Prior to Labor Day Holidays
The number of security traffic controls in Greece have increased prior to the upcoming Labor Day (May 1) holidays. Travelling of cargo vehicles has been banned.
Meanwhile, flights to and from Greece have been cancelled on account of a three-hour strike. Additionally, marine transport will also be cut for several hours as workers have scheduled massive protests.
Moody's cuts Greece rating further into junk
Moody?s downgraded Greece?s debt further into junk territory Wednesday, citing ?high uncertainty? that Athens can reach a new agreement with official creditors in time to make upcoming debt payments.
Moody?s cut the rating one notch to Caa2, just two steps above the level signaling that a default is imminent, and left the country on ?negative outlook? for another possible downgrade.