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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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EU Commission threatens Greece, Cyprus and Malta over V.A.T. on yachts

 The European Commission has put Malta, Greece and Cyprus on notice of infringement proceedings for not levying the correct amount of Value Added Tax on the provision of yachts.  And some wonder why this when an identical system is used in France. This issue can generate major distortions of competition and …

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Greek Parliament decides to probe 10 politicians in alleged Novartis bribery case

After a plenary debate that lasted 18 hours, the majority of Greek lawmakers voted in favor of setting up a parliamentary committee to investigate two former prime ministers and eight former ministers over allegations of bribery and money laundering by Swiss drugmaker Novartis. Majority of votes was received by EU …

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Two more ex ministers file lawsuits against “protected witnesses” in Novartis bribery case

A former finance and an ex health minister filed lawsuits against the protected witnesses in Novartis bribery case. Evangelos Venizelos (PASOK) and Adonis Georgiadis (New Democracy) filed lawsuits against the protected witnesses on Tuesday, two weeks after the scandal broke out and the report by the corruption prosecutor alleged that …

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