With two bailouts and three years of austerity measures failing to right Greece’s faltering economy, Klaus Regling, Chief Executive officer of the European Financial Stability Facility (EFSF) says the country will need more time before reforms work but he didn’t say how much. In an interview with the French newspaper Le Figaro, he also said [...]
Tag Archives | EU
Horsemeat Scandal Hits Marinopoulos Chain
Greece has been affected by the growing scandal of horsemeat being put in food products and sent to a number of European countries, with a report that some 3.7 tons of the meat was sent to the Greek supermarket chain Marinopoulos. According to Keep Talking Greece reports, the Greek market, which is aligned with the [...]
Two Greeks in Troika Talks With Cyprus
Two Greeks are going to be included in the delegation of the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) which is negotiating with Cyprus over the size and conditions the island needs to right its struggling economy. According to the 24h website, Christos Patsalides, Head of the Representation of the European Commission [...]
Greek Loan May Wait Until December
While the Greek Parliament has given the go-ahead to a $17.45 billion spending cut and tax hike plan needed to secure release of a long-delayed $38.8 billion installment from international lenders, the money may not be disbursed until December, the Financial Times German version reported. Greek Prime Minister Antonis Samaras had warned that unless the [...]
Syriza MEP Chountis Says Labor Reforms Unlawful
Nikos Chountis, one of the Greek Coalition for the Radical Left (SYRIZA) Members of the European Parliament, has asked the European Union (EU) to withdraw its demands for changes to labor laws in Greece part of a new package of $17.45 billion in austerity measures. Chountis said the changes are unlawful under international conventions Greece [...]
Schaeuble Says Greece Will Get Loan Installment
As German Chancellor Angela Merkel was set to visit Athens on Oct. 9 to meet Prime Minister Antonis Samaras, German Finance Minister Wolfgang Schäeuble said Greece will get a delayed $38.8 billion loan installment that is the last due from a series of $152 billion in rescue monies even though the Greek government hasn’t finalized [...]
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05 / 22 Modern Greek Literature Evening in Vienna
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05 / 21 Greek Scientist Shows Dementia Model to CERN
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05 / 21 Greek Seas Among Cleanest in Europe
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05 / 21 Milliyet’s Tribute to Nana Karagianni
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05 / 21 My Number One Is Now Eight
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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
