By VOA / Lisa Bryant – Hopes that the 17-member eurozone will finally emerge from its economic doldrums this year have faded, with new data Friday showing the recession in the euro area deepening even more than originally expected. There were some bright spots in a slew of new European economic data, but the short-term [...]
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EU Takes Back 123.3M Euros From Greece
The European Commission said on May 2 that it is taking back 123.3 million euros ($162.3 million) from Greece in agricultural subsidies because the government had failed to properly monitor the account. In overall, EC is going to take back 230 million euros ($302.8 million) from 14 member-states under the control of Common Agricultural Policy [...]
Greeks Give Half Their Income To Taxes
Forty six percent of Greek citizens’ income will end up in taxes, according to data released by Eurostat. This percentage is one of the highest in the EU list. Sweden tops the list, as the Swedish give tax authorities 56.6 percent of their income. Greece ranks eleventh following Belgium (53.7 percent), Denmark (55.6 percent), Germany [...]
Sinn Sees Greece, Cyprus Leaving Euro
The German economist and President of the Ifo Institute for Economic Research in Munich, Hans-Werner Sinn, spoke in favor of a temporary exit from the Eurozone for countries such as Greece and Cyprus. He suggested creation of a monetary union of the strong countries and said that if Cyprus is forced out during its economic [...]
Bundesbank’s Confidential Document Revealed
The German daily newspaper Handelsblatt revealed on April 26, a confidential internal legal document of the German Federal Bank or Deutsche Bundesbank that accompanied the appeal of the German Central Bank to the Federal Constitutional Court of Germany against the European Central Bank (ECB). According to the 29-page document, ECB has taken a great risk [...]
Damanaki Wants EU Cooking Contest
Maria Damanaki, European Commissioner for Maritime Affairs and Fisheries, has recommended a gastronomic competition between cities or regions of the EU. The participating countries would compete for the title European Culinary Excellence and the competition will be annual or biennial. According to Damanaki’s proposal to the European Commission, the award would be given in accordance [...]
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05 / 20 Austrian Press Pays Tribute to Lefkada, Chios
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05 / 20 Manitakis’ Interview to Der Spiegel
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05 / 20 Nikos Kazantzakis in Croatian
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05 / 20 RLF’s Survey on Grexit
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05 / 20 Ban on Restaurant Refillable Olive Oil Bottles
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08 / 04 Turkish Prime Minister Erdogan Reportedly Claims Olympic Flame is Turkish
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01 / 24 Intercultural Association Macedonia Cuts Vasilopita
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07 / 28 IOC President Jacques Rogge Calls London Home of The Olympics; Forgets Greece
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05 / 03 Skopje: Streets Renamed With Ancient Greek Names
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05 / 22 Philip II of Macedonia Statue in Skopje Defies NATO
