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 …
Read More »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 …
Read More »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, …
Read More »Germany, Mogherini ignorant about Turkey-Greece Migrants’ Readmission and link to EU deal
Caught red-handed. They don’t know what’s the EU law on Migrants’ readmission, its connection to bilateral agreement between Greece and Turkey. The EU, Germany and the NATO got it all wrong, while the Commission said that the bilateral agreement is “point of reference” to EU-Turkey deal. The European Union and …
Read More »EU’s response to Trump’s tariffs to go into effect in July – List of products with 25% duty
The European Union hits back at the tariffs imposed on steel and aluminium by the US and the Trump administration. The EU College of Commissioners decided on Wednesday to adopt a a tic-for-tat duties strategy: a 25% duty on several products imported from the US, including food items like rice …
Read More »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 …
Read More »WWII German bunker on Crete turned into museum to remind of the Battle of Crete
A unique museum that travels back to the period of the German occupation on Crete was created by volunteers and donations in Ano Platanias, near Chania, on the island of Crete. The museum is housed in German bunker used during the Battle of Crete which was launched on 20. May …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »EU Investment Fund to support Greek SMEs & Startups with €640m
Good news for more than five thousand Small and Medium Enterprises and Startup in Greece: €640 million will be made available in loan guarantees after new agreements signed by the European Investment Fund and National Bank of Greece. The package includes also €40 million in loans for 3,400 very small …
Read More »Visa Program for Turkish tourists to Greek islands to run in 2018
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 …
Read More »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 …
Read More »€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 …
Read More »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 …
Read More »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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