Monday , December 18 2017

Daily Archives: September 26, 2017

Rare Phenomenon: Waterspout occurs off Volimes, Zakynthos

A rare weather phenomenon occurred. A stunning waterspout was formed in the sea area off Volimes region in the north-west of the island of Zakynthos in the Ionian Sea. The phenomenon appeared at 6:30 in the afternoon on Monday. The rare phenomenon was captured by the lens of a local …

Read More »

Dijsselbloem tells Greece to wrap up review quickly for a “clean” bailout exit

Greece must wrap up an upcoming bailout review quickly to pave the way for a “clean” bailout exit next summer without further conditions beyond standard monitoring, Eurogroup Chairman Jeroen Dijsselbloem said during a visit to Athens on Monday. “We are in full agreement for that – it should be a …

Read More »

Floods and landslides as heavy storm strikes the island of Samothraki

An unprecedented heavy storm. Streets turned into rivers, walls in the City Hall collapsed, the Health Center and several houses and shops have been flooded and the water supply was cut when a storm hit the island of Samothraki in the Northern Aegean Sea on Monday night. Locals speak of …

Read More »

EU closes Excessive Deficit Procedure for Greece as finances stabilized

Following a recommendation by the European Commission, the Council of the European Union decided to close the excessive deficit procedure for Greece. It confirms that the  country’s deficit is now below 3% of GDP, the EU’s reference value for government deficits. Official statement On 25 September 2017, the Council repealed its …

Read More »