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Greece

Greece the main beneficiary from Juncker plan

According to the European Commission, Greece is the main EU country benefited from the investments of the Juncker plan, aiming

Tsipras-Zaev to discuss name dispute in Sofia

Personal Envoy of the UN Secretary-General Matthew Nimetz has stated to the Press that on Thursday, May 17, Greek Prime

Greece races to meet bailout demands as inspectors return

ATHENS, GREECE — Bailout inspectors have returned to Athens as Greece races to comply with the final terms of its rescue

Hellenic Red Cross Secretary General resigns

Hellenic Red Cross Secretary General Panagiotis Andrikopoulos submitted his resignation on Monday, charging that some members of the board tried

Antikythera shipwreck yields bronze arm – and hints at spectacular haul of statues

Arm points to existence of at least seven statues from Greek shipwreck, already the source of most extensive and exciting

Research vessel scans and reveals the secrets of Santorini and Kolumbo volcanoes

The research vessel RV Poseidon of the GEOMAR Helmholtz Centre for Ocean Research of Kiel in cooperation with the Geology

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May 14, 2018

Greece races to meet bailout demands as inspectors return

ATHENS, GREECE — Bailout inspectors have returned to Athens as Greece races to comply with the final terms of its rescue program, which ends in August.

Negotiations resumed Monday, with Greece still facing dozens of measures to address in the next ten days to remain on track for an agreement next month on the terms of bailout debt repayment after the program ends.

Athens is seeking a full return to financing itself on international bond markets following eight years of dependence on loans from other eurozone countries and the International Monetary Fund. But some creditors favor a more gradual approach.

Among the economic measures still under discussion are protections for families facing home repossession and an end to sales-tax exemptions in areas affected by the refugee crisis.

Europe

Request for soldiers release rejected

The Court of Edirne has rejected, for the third time, the lawyers’ new request for the review of the pre-trial detention status of the two Greek military officers, and has thus rejected their release. The reasoning of the judges was that the facts based on which their detention was decided have not changed. The two military officers have been in custody since the beginning of March, although no indictment has been filed by the public

/ Apr 27

Greece

Tsakalotos presents plan to Eurogroup

Greek Finance Minister Euclid Tsakalotos will present the Greek development plan for the period after the memoranda to his counterparts at the informal Eurogroup held in Sofia on Friday. According to the minister, the development plan will include, among others, actions for the faster administration of justice, the strengthening of the public administration efficiency and the improvement of the business environment. According to the meeting agenda, the heads of the Institutions delegations will inform the

/ Apr 27

Greece

Greece approved for 6.7 billion-euro bailout installment

Europe’s bailout fund on Tuesday approved a 6.7 billion-euro ($8.32 billion) loan installment to Greece as part of its third international rescue program, with payment of the first 5.7 billion euros expected this week. The European Stability Mechanism said the approval came after the Greek government completed a series of required reforms. The funds will be used to service public debt and clear domestic arrears. “Today’s decision … acknowledges the hard work by the Greek

/ Mar 28

Greece

Greek terrorist’s prison parole sparks global outrage

US expresses fears Dimitris Koufodinas of November 17 leftist group, who is serving 11 life sentences for murder, could abscond

/ Nov 13

On This Day

May 22

1453: Byzantines saw the lunar eclipse that occured while Constantinople was under siege as a bad omen. An old legend stated that Constantinople would never fall while the Moon was waxing in the sky.
1825: Laskarina Bouboulina was shot dead after a family dispute with in-laws.
1963: MP Grigoris Lambrakis was run down by a delivery truck driven by two right-wing extremists. He died five days later.
2006: The 19th century painting The Naughty Grandchild by Nikiforos Lytras became the most expensively piece of artwork by a Greek painter, going for 1.08 million euros at an auction at Sotheby's in London.
Births: Ploutis Servas, Cypriot politician, founder of AKEL (1907), Fanis Christodoulou, basketball player (1965).
Deaths: Laskarina Bouboulina (1825); Sir Herbert Richmond Palmer, colonial governor of Cyprus (1958).

Recent days: May 21 - May 20

WORLD

Europe

Key week as Europe scrambles to salvage Iran deal

When Tehran-bound AF 378 took off from Paris in April 2016, it was a heady moment for European diplomacy and commercial interests. Iran had signed a nuclear deal with six world powers the year before, including three from Europe. Businesses, from France’s Total to Germany’s Siemens and Italian steel firm Danieli, were scrambling for a share of a promising market. The Air France flight was the airliner’s first since 2008, when service was suspended amid

/ May 14

World

Russian bank helps Venezuela defy US cryptocurrency sanctions

Investors looking to buy Venezuela’s new cryptocurrency may want to head to a little-known Moscow bank whose biggest shareholders are President Nicolas Maduro’s socialist government and two state-controlled Russian companies under U.S. sanctions. Evrofinance Mosnarbank has emerged as the only international financial institution so far willing to defy a U.S. campaign to derail the world’s first state-backed digital currency, called the petro, even before it begins to function. Early would-be investors who registered with Venezuela’s

/ May 14