European debt crisis
European finance ministers have agreed on the details of a relatively small investment and reform budget within the euro area, which will start operating in 2021.
The euro zone budget, known as the Budgetary Instrument for Convergence and Competitiveness (BICC), is expected to be finalized next year and start operating in 2021, Eurogroup President Mario Centeno said on Thursday.
More than a year after Greece exited its bailout programs, investors - in a historic first - have bought its short-term debt at a loss.
The country's debt management agency said Wednesday it raised 487.5 million euros ($535 million) selling 13-week treasury bills, for which the yield was -0.02 percent.
At Thursday's Euro Working Group the creditors' mission chiefs reported that their visit to Athens this week had taken place amid a positive climate. However, they also expressed reservations regarding the achievement of the target for a primary surplus of 3.5 percent of gross domestic product next year.
The fall of the Berlin Wall marked one of the greatest turning points in world history, seen by many as a bright new dawn for Europe and its path towards freedom and unification.
But three decades on from the event that set off the continent's path to the end of communism, nations are re-erecting metaphorical and literal walls, sowing division again.