European Union

The EIB Group looks forward to increasing its financing for projects in Greece. As a long term investor institution for the whole EU, the EU Bank does not apply country quotas but evaluates funding opportunities based on the number, nature and quality of the projects that are submitted to it.

The relationship between Greek Finance Minister Yanis Varoufakis and his German counterpart Wolfgang Schauble resembles that of an estranged couple who can only manage to communicate through their lawyers.

The Greek government is getting its list of proposed reforms ready to present to its creditors on Tuesday morning after it was tentatively agreed on Friday to extend the country's rescue loans by four months.

Eurogroup head Jeroen Dijsselbloem appeared optimistic that a list of reforms to be detailed by the Greek government will be submitted before midnight on Monday.

Speaking from Copenhagen, Dijsselbloem also stressed that all of the Greek proposals must be “quite powerful”.

As top government official announced, a Eurogroup video-conference is to be held on Tuesday on the list of reforms proposed by the Greek government.

The above announcement of the video-conference dropped as a bomb, since it raises questions as to whether is a positive sign or an omen indicating a gap that can not be bridged between Greek government and lenders.

According to the European Commission President Jean-Claude Juncker Greece can not raise the minimum wage, as it is extremely difficult for Spain, Ireland and Portugal to grant such privileges since they don't apply to themselves.

Bosnian parliament adopts statement on EU

SARAJEVO -- Both houses of the Parliamentary Assembly of Bosnia-Herzegovina have adopted a statement on reforms and the country's EU orientation.

This statement is in accordance with the requirements of the British-German initiative on Bosnia's progress towards the European Union.

Both chambers of Bosnia and Herzegovina's parliament - the House of Representatives and the House of Peoples - adopted the declaration which unblocks the country's path to the EU at separate emergency sessions on Monday morning.

The breakthrough came hours before the EU's foreign policy chief, Federica Mogherini, was due to arrive in Sarajevo.

BRUSSELS - The European Parliament (EP) foreign affairs committee will discuss a proposed resolution on Serbia's progress in EU integration, by EP rapporteur David McAllister, for the second time on Monday.

As many as 222 amendments were submitted after McAllister presented the first draft of the document, but only some of them will be incorporated into the final version.

Eshe Nelson & David Goodman

Greece?s government bonds may open higher this week after euro-area finance ministers agreed to extend the nation?s bailout funds for four months, avoiding a cash crunch that threatened to push it out of the currency bloc.