One of the milestones of childhood is when a child learns to read. It starts out simply; the mere act of spelling out his/her own name and then reading it off a piece of paper is met with much fanfare by the child's parents and teachers. Show More Summary
``At least part of the state's cash needs for the month will be met by repo transactions in which pension funds and other state entities sitting on cash lend the money to the country's debt agency through a short-term repurchase agreement for up to 15 days, debt agency officials told Reuters. ''
In this extra scene from the 'Europe Or Die' series, Vice News visits a cemetery on the island of Lesbos, where the buried bodies reside of those refugees who take the "death boats" to Europe and befall disaster on the journey.
Juncker, Merkel insist speculation of a third bailout for Greece is 'premature'.
BRUSSELS (Reuters) - It is too early to discuss a third bailout package for Greece, European Commission President Jean-Claude Juncker said on Wednesday, stressing the focus of talks with Athens was implementing measures already agreed with the euro zone. Show More Summary
Canada’s Central Bank Requests End To Defacing of Debasing Canadian Dollar - From “Spocking” in Canada to overtly political imagery in Greece, paper currency is growing in popularity- Outpouring of affection for Leonard Nimoy has inspired...Show More Summary
As reported over the past two days, in order to fund the payment on various imminent debt maturities to the IMF, the cash-strapped Greek government has been forced to consider, among other things, raiding Greek pension to procure the required funds. Show More Summary
GREEK voters want to stay in the euro. They should be able to for at least another four months. Late in the evening on February 20th the finance ministers of the Eurogroup reached an agreement with Greece's government to extend the struggling economy's bail-out, which was scheduled to expire on February 28th. Show More Summary
Good morning! Here's what you need to know for Wednesday. 1. Europe's private sector is picking up speed, based on the latest business surveys from Spain, Italy, France, Germany and the eurozone whole-economy. 2. Greece's new radical government has irritated fellow European leaders with their surprisingly hostile negotiating manners. 3. Show More Summary
Greece is one of the European’s top best tourist destinations that is well known for its extra ordinary picturesque beauty that draws astonishing attractions. Visitors and the tourist from all over the world can enjoy and experience their trip with plethora of ancient ruins, whitewashed villages, sunny beaches, tasty cuisine and friendly atmosphere that made Read More
Greece’s new government ruffled feathers in Brussels by not respecting the diplomatic niceties of the negotiating table. ||| Brussels - Strapped for cash and under pressure to deliver on reforms, Greece's new government has ruffled feathers in Brussels by not respecting the diplomatic niceties of the negotiating table. Show More Summary
There's an excellent post on Keep Talking Greece this evening on the simmering feud between Greek prime minister Alexis Tsipras and Spanish prime minister Minister Mariano Rajoy.Tsipras made a claim that Rajoy's plan is to "wear down,...Show More Summary
Like many of the important discussions in the economic world today, the negotiations between Greece and its European creditors has become increasingly absurd (see “A Patient Fed Considers Losing Patience” in our latest
``Investor expectations of the euro zone breaking apart have risen to their highest level in two years, a survey showed on Tuesday, even after Greece agreed a financial lifeline with its euro zone partners.''
Yanis Varoufakis, the finance minister, sought to silence such talk over the weekend, telling Associated Press that a default to the IMF was out of the question, even if a halt in payments to the EU institutions remains a serious threat. Show More Summary
So the problem is not that austerity was tried and failed in Greece. It is that, despite unprecedented international generosity, fiscal policy was completely out of control and needed major adjustments. Insufficient spending was never an issue. From 1998 to 2007, Greece’s annual per capita GDP growth averaged 3.8%, the second fastest in Western Europe, […]
This post originally appeared in Business Insider. Yanis Varoufakis is one of the most important men in Europe right now. He's Greece's new finance minister, and he is trying to secure a new bailout deal for the country. But Varoufakis hasn't always been a politician. Show More Summary
By Alastair Macdonald BRUSSELS (Reuters) - The European Bank for Reconstruction and Development will launch a five-year program of loans and investments in Greece that EU governments hope can foster enterprise and growth to help revive an economy hobbled by public-sector debt. Show More Summary
What is the significance of Cyrprus' military basing agreement with Russia for Russia’s naval and air forces in the Mediterranean?
Russian Deputy Foreign Minister Alexei Meshkov said that restrictive measures on imports of agricultural goods in response to European sanctions against Russia should be the same for all European Union members without exceptions.