Latest News from Greece
Church, SYRIZA MP clash over use of saint's relic
The Church of Greece and SYRIZA?s parliamentary group representative, Nikos Filis, clashed on Monday after the latter complained about the use of a relic of Saint Barbara, one of the most venerated saints in the Orthodox Church, which was brought to Greece over the weekend.
NATO Urges Restraint in Macedonia, Calls for Transparent Probe of Deadly Clashes
NATO Secretary-General Jens Stoltenberg has called for a transparent investigation of clashes between police and an armed group in Macedonia that took place over the weekend.
Cars sales up significantly in April — Massive decade slump continues!
Car sales in Greece increased by a whopping 43.3 percent in April 2015, yoy, the state-run statistics (EL.STAT) bureau announced, with 7,801 units sold, up from 5,444 in April 2014.
Referendum talk sends Greek bond yields higher
Greek government bond yields rose on Monday as Germany raised the idea of a referendum on the painful reforms Europe is asking Athens to implement in exchange for further aid, adding another layer of uncertainty to the issue.
German Finance Minister Wolfgang Schaeuble said securing public backing for the necessary sacrifices might be useful.
Paulson expects Greece, Europe to reach bailout deal
Former US Treasury Secretary Henry Paulson said he expects Greece and other euro-area nations to reach a deal on the country?s bailout that will keep it in the currency bloc.
Negotiations fatigue sees stocks decline
The market?s fatigue with Athens?s inability to conclude an agreement with the country?s creditors and the growing prospect of a referendum that government officials are pointing to resulted in fresh losses during Monday?s bourse session as investors expected nothing concrete from the Eurogroup meeting in Brussels.
Greece Needs Currency Board to Instill Fiscal Discipline, Prof. Hanke Says
Europe will be much better off without Greece and the best thing for the country is to introduce a currency board system, a leading economics professor said on Monday.
Serbia in April warned Macedonia what is coming
Serbia in April warned Macedonia what is coming
The Military Security Agency (VBA) chief says Serbian security services had warned their Macedonian colleagues in April about a possible "attack" there.
Greek govt orders 750 mln euro repayment to IMF
Even though Athens seemed less-than-willing to pay the IMF if a positive Eurogroup message was not sent today, the Greek government ordered the payment of the IMF tranche during said Eurogroup meeting.
Russia calls for (sliding) … ruble to be used in Greece!
The Secretary of Finance of the Russian Federation has called on Greece to partake in the new development bank created by the so-called BRICs countries — China, Russia, Brazil, India and South Africa.
Growth in CEE, Turkey to remain strong: IMF
Countries in Central and Eastern Europe (CEE), including Turkey, are expected to see strong economic growth, while those in Southeastern Europe (SEE) will grow more slowly, according to "Mind the Credit Gap," the IMF's new Regional Economic Issues report released on May 10.
Schaeuble says Greek referendum could help [Update]
German Finance Minister Wolfgang Schaeuble raised the prospect Monday of Greece holding a referendum on its EU-IMF bailout, saying it could finally resolve the drawn-out crisis.
Schaeuble's comments came ahead of the latest meeting of eurozone finance ministers aimed at thrashing out a deal with Greece's new leftist government.
Schaeuble’s provocative statement: “If Greece wants a referendum, they can have one”
German Finance Minister Wolfgang Schaeuble arrived at the Eurogroup meeting and stated that “If Greece considers it correct, then it can have a referendum”. Provocative as always, he showed his critical stance which he will undoubtedly follow during the meeting. He also added that no decision on Greece will take place today.
Hoping for a positive statement from today’s Eurogroup (Live Feed)
Less than ninety minutes remain until the start of today’s Eurogroup, in which 19 Eurozone Finance Ministers, the ECB’s director Mario Draghi, and EC officials will discuss the Greek matter.
"Greater Albania has some support from West"
"Greater Albania has some support from West"
BELGRADE -- The military security agency (VBA) chief says Serbian security services had warned their Macedonian colleagues in April about a possible "attack" there.