Economy
"Austerity measures will be necessary in 2018 as well"
"Austerity measures will be necessary in 2018 as well"
BELGRADE -- The Fiscal Council - an an independent state organ that reports to parliament - says the three-year plan adopted by the government was "good in principle."
Borsa Istanbul head takes London step before resignation
Borsa Istanbul head ?brahim Turhan resigned from his position on Feb. 10 to become a candidate in the June parliamentary elections, although he had previously refuted the claims about his possible resignation.
Varoufakis enters eurozone's lions' den
Greek Finance Minister Yanis Varoufakis headed for a showdown with eurozone finance ministers on Wednesday after his new leftist-led government won a parliamentary confidence vote for its refusal to extend an international bailout.
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Fiscal Council: Austerity measures necessary in 2018 as well
BELGRADE - The Fiscal Council released on Wednesday that the three-year plan adopted by the Serbian government is good in principle, adding that nevertheless the austerity measures will be needed in 2018 as well, given that the current plan will not ensure reduction of the public debt by the end of 2017, and this was the measures' objective.
Bulgaria Allocates Further BGN 15 M for Energy Effectiveness Projects
The Bulgarian government decided at its meeting on Wednesday to allocate further BGN 15 M for additional co-financing of energy effectiveness projects.
This concerns projects, which have already been started and have applied for funding before the launch of the large-scale programme worth BGN 1 B, which was announced last week.
Risk of contagion from Greece is low, says ratings agency S&P
The risk of Greece's turmoil spreading to the rest of the euro zone is low, a senior official at ratings agency Standard and Poor's said in a German newspaper interview on Wednesday.
Open letter of solidarity with the anti-austerity movement in Greece, please sign
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Greece needs debt haircut, Varoufakis tells Stern magazine
Greece's finance minister said Greece would not be able to service its debt in the short-term so would need a haircut, or debt restructuring, he told Germany's Stern magazine.
"If a debt can no longer be paid off then that leads to a haircut," Yanis Varoufakis said in a pre-publication copy of the interview made available on Wednesday.
Austrian FinMin: Time for Greece to end debt standoff, but no Plan B yet
There is still time for Greece to end a debt standoff with its European partners, though no Plan B is in the offing, Austria's finance minister said, adding that Athens must honor the terms of its bailout package.
A showdown in Brussels looms this week as Greece's new leftist government tries to cancel a deeply unpopular bailout program with international creditors.
Europe stocks little changed as investors await Greek debt talks
European stocks were little changed before a meeting between Greek Finance Minister Yanis Varoufakis and his euro-area counterparts in Brussels.
The Stoxx Europe 600 Index dropped 0.1 percent to 372.56 at 8:07 a.m. in London. Stocks climbed Tuesday amid investor optimism that Greece can reach an agreement on new bailout terms with its euro-region creditors.