International Monetary Fund

“We are in a historic moment, my dear readers and friends.

When Prime Minister Recep Tayyip Erdoğan announced his pesidential candidacy last week, a parenthesis that was opened more than a hundred years ago was closed. The military’s tutelage that started when the Young Turks invaded Istanbul and bombed the barracks in today’s Gezi Park officially came to an end.

Global economic activity should strengthen in the second half of this year and accelerate in 2015 although momentum could be weaker than expected, IMF chief Christine Lagarde said on July 6, adding that the Fund did not expect a sharp slowdown in China.
   

The government announced on Saturday that it is issuing civil mobilization orders to strike Public Power Corporation (PPC) workers after the Athens Court of First Instance ruled on Friday that their strike, which caused brief power outages across the country, was illegal.

By Sotiris Nikas

The disbursement to Greece of 2.1 billion euros from the profits of the Eurosystem from Greek SMP and ANFA bonds has hit a stumbling block due to timetable changes and different interpretations of existing agreements.

 Athens proposes extension and a fixed instead of floating rate

By Sotiris Nikas

The eurozone is responsible for almost three-quarters of the Greek state’s debt, which automatically puts it in control of the country’s obligations and explains the why the Greek government is trying so hard to have the terms of the repayment of loans altered.

Greece's betting monopoly OPAP has begun a voluntary redundancy scheme for about three-quarters of its staff to cut costs, one of its biggest unions said on Thursday.

Greece faced nationwide power cuts on Thursday as a rolling strike began against government plans to break up the country's main electricity provider.

State power distribution operator DEDDIE said one-hour cuts would be imposed from midday in various parts of the mainland as 13 production plants of the Public Power Corporation went offline.

President to attend donor conference in Brussels

BELGRADE -- Serbian President Tomislav Nikolić will attend a donor conference dedicated to repairing the damage from the floods in Serbia and Bosnia-Herzegovina.

The event will be held in Brussels on July 16, Serbia's Foreign Minister Ivica Dačić said on Wednesday.

BELGRADE - Serbian President Tomislav Nikolic will attend a donor conference dedicated to repairing the damage from the floods in Serbia and Bosnia-Herzegovina, and the event will be held in Brussels on July 16, Serbia's Foreign Minister Ivica Dacic said on Wednesday.

Bulgaria’s former Prime Minister Boyko Borisov has been referred to the Prosecution for discrediting the banking sector with some of his recent comments.

The signal to the Prosecution was sent by the former Defense Minister and founder of the Movement for Justice, Nikolay Tsonev.