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Merkel and Macron agree to create budget for Eurozone, EU reforms

German Chancellor Angela Merkel and French Emmanuel Macron agreed on Tuesday to create a budget for the euro zone. They met at Meseberg by Berlin  and agreed also on some other EU reforms like reducing the number of EU Commissioners and take again steps on the migration crisis. The meeting, …

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Debt relief for Greece: Extend loans repayment, reduce interest to near 1%?

The Eurogroup is reportedly seeking to reduce Greek debt payments by extending loans until beyond 2040 and reducing the interest rate to near 1%, well below the rate Greece would need to pay international investors. the Eurogroup meeting scheduled for upcoming Thursday is crucial for Greece as the country prepares …

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All ready for signing the Macedonia Agreement at Prespa Lake? Almost…

Greece and the Former Yugoslav Republic of Macedonia are preparing for the ceremony to sign the Macedonia agreement amid fierce opposition in both countries. Originally the agreement was schedule dot be signed Saturday, but the ceremony has been postponed for Sunday, due to a no-confidence vote in Greek Parliament later …

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Fewer refugees arrive in Greece via Evros river but problems remain

Fewer refugees arriving in Greece from Turkey through the Evros river, but problems remain, says the UN High Commissioner for Refugees in a report. The international agency urges efforts to ensure access to asylum and timely registration in Greece’s north-eastern Evros region. As dawn breaks over Greece’s north-eastern Evros region, …

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US implements steel & aluminium tariffs, EU threatens with retaliation

A bad day for world trade: US moves forward with imposing tariffs on steel and aluminium, without exception for Canada, Mexico and the European block. The new measures 25% percent on steel and 10% on aluminium go into effect on 1. June 2018, US time. The European Union threatens with …

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Greece sends additional police to land border with Turkey due to sharp rise of refugees

Greece has rushed to reinforce its land border with Turkey as fears mount over a sharp rise in the number of refugees and migrants crossing the frontier. Police patrols were augmented as local authorities said the increase in arrivals had become reminiscent of the influx of migrants on the Aegean …

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Eurogroup towards a comprehensive agreement of Greece’s exit in June

“The goal is to have a comprehensive agreement for Greece’s exit from the programme at the Eurogroup meeting in June, Eurogroup President Mario Centeno said on Friday after an informal meeting of euro area finance ministers in Sofia. Speaking to reporters, the Eurogroup’s President said that the heads of the …

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IMF-WB meetings rule out extension of Greek program, says Moscovici

The IMF and World Bank Spring Meeting have put an end to speculation about a possible extension of Greece’s third financial assistance programme, European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Tuesday in an interview with Agence Europe. The French Commissioner said he was in favor of …

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Greece leases 2 FREMM frigates from France, at least two more to follow

Greece is to acquire two frigates of multi-mission type FREMM from France among tension with neighbor Turkey. The plan is revealed just a few days after French President Emmanuel Macron expressed his support to Greece against threats in the East Mediterranean Sea. According to Greek media, the frigates will be …

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Commission report slams Turkey over human rights, relations to EU member-states

In one of its more critical reports towards Turkey, the European Commission urged Ankara to improve relations with EU member-states, lift the state of emergency as soon as possible and improve human rights. Turkey is taking “major steps” in the wrong direction and it is shifting towards authoritariarism, the Commission …

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Moscovici says “No more bailout agreement for Greece,” just post-program monitoring

“No more memoranda for Greece,” European Commissioner for Economic and Financial Affairs, Taxation and Customs, Pierre Moscovici said in an interview with the European Progressive Forum. “Greece will become, in economic terms, a normal European country once again.” Moscovisi stressed adding however, that “Greece’s economic policies will be monitored through the …

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Visa Program for Turkish tourists to Greek islands to run in 2018

Samos

A visa facilitation program that allows Turkish travelers and citizens of third countries to visit select Greek islands of the Eastern Aegean has been extended by one year. EU Commissioner for Migration, Home Affairs and Citizenship, Dimitris Avramopoulos on Wednesday informed the Greek Ministry of Foreign Affairs that the European …

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Bank of Greece governor Stournaras sues witnesses in Novartis bribery probe

Greece’s central bank governor on Wednesday filed a lawsuit against two witnesses who reportedly claimed he was among several senior politicians who received illicit perks from embattled Swiss pharma giant Novartis. Yannis Stournaras’ office said in a statement the two protected witnesses, known only under their aliases, should be punished for …

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€180 million EU emergency support for refugees in Greece

The European Commission has announced on Tuesday new funding of €180 million for aid projects in Greece, including to scale up the flagship ‘Emergency Support to Integration & Accommodation’ (ESTIA) programme which helps get refugees into urban accommodation and out of camps and provides them with regular cash assistance. The funding …

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Corruption prosecutor to re-open file on flue vaccines

The office of corruption prosecutor submitted to the Greek Parliament on Friday a file on the supply of influenza vaccines in the period 2009-2010, as the investigation has come across the name of politicians, sources told athensnewsagency. The health minister during the period in question was the current European Commissioner …

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Igoumenitsa wins European Mobility Week Award for small municipalities

The city of Igoumenitsa in Northwestern Greece is won the European Mobility Week Award 2017 for small Municipalities. The Award is granted for Sustainable Urban Mobility Planning. The European Commission announced the winners of the EUROPEANMOBILITYWEEK Award 2017 and 6th Award for Sustainable Urban Mobility Planning (SUMP) at a ceremony …

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