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Greece proposes EU-wide mechanism on rising energy costs

Greece has proposed an EU-wide mechanism for hedging against steep gas price fluctuations to help households tackle rising energy prices across the bloc. Gas prices have surged so far this year as world economies are recovering from the coronavirus pandemic and global demand is picking up much faster than supply. …

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Greece proposes Frontex be allowed to operate beyond EU borders

Returning unapproved asylum seekers to their home countries could become an easier task if European border patrol agency Frontex could operate outside of European borders, Greek Migration Minister Notis Mitarakis said on Wednesday. Speaking virtually with German Deputy Minister for Migration Stephan Mayer, Mitarakis added that bilateral agreements with other …

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Golden Dawn Prosecutor: Life for Fyssas’ murderer, 13 years for party leadership

The prosecutor of Golden Dawn trial proposed on Tuesday morning the sentences for the leadership of the neo-nazi party, the murderer of rapper Pavlos Fyssas and his accomplices as well as for those involved in attacks against Egyptian fishermen and unionists of PAME. The Court of Appeals had rejected “mitigating …

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EU proposes travel ban on non-EU nationals to be extended till June 15

The European Commission has proposed to Schengen countries and Associate countries on Friday to extend a restriction on nonessential travel, i.e. travel ban on non-EU nationals for another 30 days, until June 15, 2020. Although several countries are slowly starting to ease restrictions, the situation remains “fragile” across the globe …

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Proposal Crete style: With music and mantinades through Heraklio (video)

A very Cretan wedding proposal in the heart of Heraklio. With music instruments and the typical mantinades, the groom to be decided to make a proposal to his beloved darling. He, his friends and the musicians walked through the streets of Heraklio on Sunday to a cafeteria where his beloved …

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Greece’s lenders agree to increase of minimum wage: a bag of peanuts

Representatives of Greece’s lenders have reportedly given the green light for the increase of the minimum wage, an issue Prime Minister Alexis Tsipras has long promised to materialize. During a meeting with Labor Minister Efi Achtsioglou on Wednesday in Athens, the lenders have reportedly recommended a “cautious increase” in the …

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French FinMin Le Maire in Athens with a Debt Proposal the IFM and Berlin tend to reject

French Finance Minister Bruno Le Maire expressed optimism Greece and creditors are not far away from the agreement. “The next two days will pave the way for an agreement at the Eurogroup” on June 15, Le Maire told reporters after a meeting with his Greek counterpart Euclid Tsakalotos in Athens …

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Commission’s vision for Eurozone integration: a Finance Minister, a Fund and “eurobonds”

The European Commission presented on Wednesday (31 May) its proposal to “move forward” on eurozone integration with a treasury, a finance minister and several instruments to make the financial sector less vulnerable to crises. incl the issuing  of “eurobonds” that are proposed as “safe asset”. The Commission document calls on …

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Dijsselbloem calls on end of Troika, ESM to be turned into a European IMF

Head of Eurogroup, Jeroen Dijsselbloem decided to launch a revolution. In an interview to a German conservative newspaper, he called on the end of the EU Troika and the mutation of the European Stability fund into a European IMF. Behind Dijsselbloem’s proposal stands the powerful German Finance Minister Wolfgang Schaeuble …

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Gov’t & opposition leaders agree: Juncker’s revised proposal + 5 Greek changes to be basis for new negotiations

“The revised proposal of European Commission President Jean-Claude Juncker from June 27/28 plus five changes added by the Greek government will be the basis for the new negotiations between Greece and creditors,” after the Sunday’s Referendum. This was reportedly decided at the Political Leaders Council under President Pavlopoulos on Monday. …

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