Economy of the European Union
LONDON - A further strengthening of the private sector and the funding of SMEs are priorities in a new strategy for Serbia adopted on Tuesday by the European Bank for Reconstruction and Development (EBRD) Board of Directors.
Romania will have to return money to the European Commission for having breached community regulations on the use of European cash allotted under the Common Agricultural Policy, CAP.
A total of around 315 million euro is being reclaimed from 11 member states, while Romania will have to hand back 4.24 million euro, according to a report by the Commission.
Efforts of Greece and creditors should be focused on expanding the countrys economy in the long term
By Dimitris Kontogiannis
Greece has surprised many pundits by achieving a bigger-than-estimated primary budget surplus last year but it has a long way to go to reach a much higher level consistent with sustainable debt.