Economy of the European Union

Vucic, Chakrabarti: Initiative for better business climate

BELGRADE - The Serbian government and the European Bank for Reconstruction and Development (EBRD) are launching a joint initiative aimed at improving the investment climate, encouraging the development of the private sector and promoting good governance in Serbia, it was released in statements by the Serbian government and the EBRD on Wednesday.

Credit line only open to Greece if it meets economic targets, sources say

Greece will only be able to access to a precautionary credit line, currently being discussed between Greek government officials and their eurozone counterparts, if the country finds itself locked out of capital markets, according to sources in Brussels where a European Council summit was in progress on Friday.

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