By Francesco Guarascio LUXEMBOURG (Reuters) - The European Union failed on Thursday to reach a deal to resolve a migration crisis in the Mediterranean, and instead set a deadline of July 20 to reach an agreement on how to redistribute 40,000 asylum seekers currently in Italy and Greece. "We made progress but we are not there yet," Dimitris Avramopoulos, the European Commissioner responsible for migration, told reporters after a meeting of European interior ministers in Luxembourg. The European Commission, the EU's executive arm, proposed in May to relocate 60,000 refugees over the next two years.
Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros
Thursday, July 9, 2015
Greek government to seek parliament approval for negotiations on Friday
The Greek government will ask for parliament's approval on Friday to negotiate on the text of "prior actions" that could form the basis of a cash-for-reforms deal with the country's international creditors, a government source said. As Greece races to stave off bankruptcy, its creditors want Athens to pass laws on reforms as "prior actions" to convince the international lenders of the government's intent. There will be one vote on whether to authorise the government to use the text as a basis for talks, the source said.
Eurozone has received new Greek bailout proposals: official
The eurozone has received new bailout reform plans from Greece, a spokesman for Eurogroup chief Jeroen Dijsselbloem said Thursday, less than two hours ahead of a midnight deadline.
Eurogroup's Dijsselbloem receives new Greek proposals
BRUSSELS (Reuters) - Proposals from Greece to explain how it will meet conditions for a new international bailout loan were received on Thursday by Jeroen Dijsselbloem, who chairs the Eurogroup of euro zone finance ministers, his spokesman said. "New Greek proposals received by Eurogroup President Dijsselbloem," he tweeted. "Important for institutions to consider these in their assessment." (Reporting by Alastair Macdonald)
EU ministers can't agree on relocating 40,000 refugees
BRUSSELS (AP) — European Union ministers failed Thursday to agree on relocating 40,000 of the refugees making risky boat trips from North Africa to Italy and Greece and will try again later this month to broker a deal on how many people each country will accept.
Eurogroup president's spokesman says new Greek reform proposals have been received.
BRUSSELS (AP) — Eurogroup president's spokesman says new Greek reform proposals have been received.
German tourists continue flocking to Greece amid crisis as other nationalities steer clear
They say opposites attract. But the attraction appears a one-way process where Germany and Greece, Europe’s financial powerhouse and its economic minnow, are concerned. In the wake of the No vote and with just days left for their leaders to convince creditors not to expel Greece from the euro, many, if not most Greeks remain contemptuous of what they see as German-inspired austerity.
Macedonia's uniformed border thugs await war-weary Arab migrants arriving at Europe's doorstep
I came to Greece to cover Europe’s shame – the possible departure of an EU member from the great post-war unification of the continent. But I found Europe’s shame on the border between Greece and the old Yugoslav republic of Macedonia when a group of young men from Aleppo showed me the weals and cuts and bruises they had sustained at the hands of Macedonia’s border thugs.
Greek debt crisis: Country set for weeks of impasse, and burden of debt may be increasing
Greece’s government is preparing to submit detailed reform proposals to its European creditors in a final bid to secure bailout funding and avoid crashing out of the single currency.
Greek debt crisis: France’s 'hands-on' help denied by Paris
France has been at the forefront of efforts in recent days to try to keep a deal with Greece on track. This was apparently on full display with media reports that French officials were on hand in Athens to help finalise proposals to Greece’s creditors.
Why are Greeks so sure that a deal will get done?
To many observers outside of Athens, the prospect of Greece leaving the eurozone is a matter of when, not if. Recommended: Think you know Europe? Both Greeks and Europeans have experienced a roller coaster of emotional highs and lows as news of the negotiations trickles out of Athens, Berlin, and Brussels.
Tasked with closing bailout deal, new Greek finance chief brings much-needed diplomatic touch
His eurozone counterparts were livid after the left-wing Greek government called and won an austerity referendum that rejected their proposals for a ...
With 28 versions of Europe, it’s no wonder we barely recognise each other
The eurozone is close to Grexit because of deep structural flaws and incompatible national views. On Sunday its leaders will need all their courage to overcome these obstaclesWhom the gods will destroy they first make bored. We have seen so many “last chance” eurozone summits about Greece that many Europeans have almost lost consciousness. We doze in the passenger seat even as the car goes over the cliff.But this is it. If the EU’s heads of government don’t find a way forward at their emergency summit this Sunday, then on Monday a 70-year-old project of European integration may start to unravel. If you think it’s just the future of Greece that’s at stake, think again. Continue reading...
Draghi Says This Time It's Difficult to Find Greek Solution
European Central Bank President Mario Draghi suggested the Greek debt crisis is getting increasingly hard to fix, speaking hours before the ECB ...
Moscow ready to lend shoulder to Greece if gets request for assistance — senator
"We have historical links, since it was Russia that assured the independence of Greece and the Greeks remember it," the speaker of the upper house of Russian parliament said
Tasked with closing bailout deal, new Greek finance chief brings much-needed diplomatic touch
His eurozone counterparts were livid after the left-wing Greek government called and won an austerity referendum that rejected their proposals for a ...
EU ministers can't agree on relocating 40,000 refugees
BRUSSELS (AP) — European Union ministers failed Thursday to agree on relocating 40,000 of the refugees making risky boat trips from North Africa to Italy and Greece and will try again later this month to broker a deal on how many people each country will accept.
Eurogroup President's Spokesman Says New Greek Reform Proposals Have Been Received.
Eurogroup president's spokesman says new Greek reform proposals have been received.
Why are Greeks so sure that a deal will get done?
To many observers outside of Athens, the prospect of Greece leaving the eurozone is a matter of when, not if. Recommended: Think you know Europe? Both Greeks and Europeans have experienced a roller coaster of emotional highs and lows as news of the negotiations trickles out of Athens, Berlin, and Brussels.
EU sets July 20 deadline to reach deal on migration
By Francesco Guarascio LUXEMBOURG (Reuters) - The European Union failed on Thursday to reach a deal to resolve a migration crisis in the Mediterranean, and instead set a deadline for July 20 to find agreement on how to share out 40,000 asylum seekers currently in Italy and Greece. "We made progress but we are not there yet," Dimitris Avramopoulos, the European Commissioner responsible for migration, told reporters after a meeting of European interior ministers in Luxembourg. The European Commission, the EU's executive arm, proposed in May to relocate 60,000 refugees over the next two years.
Eurogroup president's spokesman says new Greek reform proposals have been received.
BRUSSELS (AP) — Eurogroup president's spokesman says new Greek reform proposals have been received.
Greek government to seek parliament approval for negotiations on Friday
The Greek government will ask for parliament's approval on Friday to negotiate on the text of "prior actions" that could form the basis of a cash-for-reforms deal with the country's international creditors, a government source said. As Greece races to stave off bankruptcy, its creditors want Athens to pass laws on reforms as "prior actions" to convince the international lenders of the government's intent. There will be one vote on whether to authorise the government to use the text as a basis for talks, the source said.
Draghi Says This Time It's Difficult to Find Greek Solution
European Central Bank President Mario Draghi suggested the Greek debt crisis is getting increasingly hard to fix, speaking hours before the ECB ...
Greece sets parliament vote on reform commitments to EU
A Greek official said lawmakers would be asked to authorize the leftist government to negotiate a list of so-called "prior actions" it must take before aid funds are disbursed, a key step to convince skeptical lenders of its serious intent. The ...
Greece submits economic reform plan
The Greek government has submits proposals for economic reforms in a bid to secure a further bailout from its international creditors.
EU ministers fail to reach agreement on relocating 40,000 refugees who landed in Greece, Italy
European Union ministers have failed to agree on relocating 40,000 of the refugees making risky boat trips from North Africa to Italy and Greece and will try again later this month to broker a deal on how many people each country will accept.
Weighing the Fallout of a Greek Exit From the Euro
If Athens is forced out of the single currency zone, some experts predict hyperinflation and riots, while others see surges in exports and tourists.
Tasked with closing bailout deal, new Greek finance chief brings much-needed diplomatic touch
His eurozone counterparts were livid after the left-wing Greek government called and won an austerity referendum that rejected their proposals for a ...
Tsipras puts together new reform plan, but will it be enough to avoid euro exit?
Alexis Tsipras is putting the final touches on a new reform plan to win urgently needed bailout cash. But will the Greek Prime Minister offer…
Eurogroup's Dijsselbloem receives new Greek proposals
BRUSSELS (Reuters) - Proposals from Greece to explain how it will meet conditions for a new international bailout loan were received on Thursday by Jeroen Dijsselbloem, who chairs the Eurogroup of euro zone finance ministers, his spokesman said. "New Greek proposals received by Eurogroup President Dijsselbloem," he tweeted. "Important for institutions to consider these in their assessment." (Reporting by Alastair Macdonald)
Why are Greeks so sure that a deal will get done?
To many observers outside of Athens, the prospect of Greece leaving the eurozone is a matter of when, not if. Recommended: Think you know Europe? Both Greeks and Europeans have experienced a roller coaster of emotional highs and lows as news of the negotiations trickles out of Athens, Berlin, and Brussels.
Here’s Why Summer Earnings Season Might Not Be Such a Bummer This Time Around
Greece a wreck? Check. China in trouble? Check. But there're reasons to hope
Greek government to seek parliament approval for negotiations on Friday
The Greek government will ask for parliament's approval on Friday to negotiate on the text of "prior actions" that could form the basis of a cash-for-reforms deal with the country's international creditors, a government source said. As Greece races to stave off bankruptcy, its creditors want Athens to pass laws on reforms as "prior actions" to convince the international lenders of the government's intent. There will be one vote on whether to authorise the government to use the text as a basis for talks, the source said.
EU ministers can't agree on relocating 40,000 refugees
BRUSSELS (AP) — European Union ministers failed Thursday to agree on relocating 40,000 of the refugees making risky boat trips from North Africa to Italy and Greece and will try again later this month to broker a deal on how many people each country will accept.
EU sets July 20 deadline to reach deal on migration
By Francesco Guarascio LUXEMBOURG (Reuters) - The European Union failed on Thursday to reach a deal to resolve a migration crisis in the Mediterranean, and instead set a deadline for July 20 to find agreement on how to share out 40,000 asylum seekers currently in Italy and Greece. "We made progress but we are not there yet," Dimitris Avramopoulos, the European Commissioner responsible for migration, told reporters after a meeting of European interior ministers in Luxembourg. The European Commission, the EU's executive arm, proposed in May to relocate 60,000 refugees over the next two years.
Greece: optimism and pessimism jostle for place
While the politicians talk, life for ordinary Greek citizens gets more challenging by the day. Queues at cash machines are the new reality on the…
Greek spending spree fueled by bank crisis
Those Greeks who can afford it are buying up high value electrical products, using cards, not cash, since ATMs only allow withdrawals of 60 euros at…
Draghi Says This Time It's Difficult to Find Greek Solution
European Central Bank President Mario Draghi suggested the Greek debt crisis is getting increasingly hard to fix, speaking hours before the ECB ...
Greece sets parliament vote on reform commitments to EU
ATHENS/FRANKFURT (Reuters) - The Greek government will seek a parliamentary vote on Friday to endorse immediate reform commitments it is offering euro zone creditors in a race to win a new loan and avert bankruptcy and a possible exit from the euro zone.
Can Russia & BRICS Save Greece?
Source: blogs.barrons.com - Thursday, July 09, 2015 It’s a market rumor, but perhaps one of the first clients of a new BRICS bank will be Greece, reports Riedel Research . “That would give Russia a new hold in the West and would anger German Chancellor Angela Merkel and French President Francois Hollande ,” Riedel writes . Agence France-Presse/Getty Images Grexit graffitti in Athens. The observation comes as leaders among the BRICS – Brazil, Russia, India, China and South Africa — meet in Russia this week. But will efforts to set up a development bank with billions from member reserves pose a real threat to established global lenders like the International Monetary Fund, with which Greece is now in arrears ? Russia’s Gazprom ( OGZPY ) is game to ship more natural gas through northern Greece via Turkey. Desperate for revenue, Greek leaders are enamored by a Moscow-backed pipeline project, “Turkish Stream ,” that would involve transporting Russian natural gas. See our post, “ U.S. Discourages Russia-Greece Gas Pipeline .” The Global X FTSE Greece 20 ETF ( GREK ) continues its ascent today, up by 6.4% in recent trading. The Vanguard FTSE Emerging Markets ETF ( VWO ) is up 2.6% today. The Market Vectors Russia ETF ( RSX ) is up 1.6%.All Related
Greece submits economic reform plan
Eurozone receives Greek government proposals for economic reforms in bid to secure bailout
With 28 versions of Europe, it’s no wonder we barely recognise each other
The eurozone is close to Grexit because of deep structural flaws and incompatible national views. On Sunday its leaders will need all their courage to overcome these obstaclesWhom the gods will destroy they first make bored. We have seen so many “last chance” eurozone summits about Greece that many Europeans have almost lost consciousness. We doze in the passenger seat even as the car goes over the cliff.But this is it. If the EU’s heads of government don’t find a way forward at their emergency summit this Sunday, then on Monday a 70-year-old project of European integration may start to unravel. If you think it’s just the future of Greece that’s at stake, think again. Continue reading...
Tasked with closing bailout deal, new Greek finance chief brings much-needed diplomatic touch
His eurozone counterparts were livid after the left-wing Greek government called and won an austerity referendum that rejected their proposals for a ...
EU sets July 20 deadline to reach deal on migration
By Francesco Guarascio LUXEMBOURG (Reuters) - The European Union failed on Thursday to reach a deal to resolve a migration crisis in the Mediterranean, and instead set a deadline for July 20 to find agreement on how to share out 40,000 asylum seekers currently in Italy and Greece. "We made progress but we are not there yet," Dimitris Avramopoulos, the European Commissioner responsible for migration, told reporters after a meeting of European interior ministers in Luxembourg. The European Commission, the EU's executive arm, proposed in May to relocate 60,000 refugees over the next two years.
EU ministers can't agree on relocating 40,000 refugees
BRUSSELS (AP) — European Union ministers failed Thursday to agree on relocating 40,000 of the refugees making risky boat trips from North Africa to Italy and Greece and will try again later this month to broker a deal on how many people each country will accept.
Greek government to seek parliament approval for negotiations on Friday
The Greek government will ask for parliament's approval on Friday to negotiate on the text of "prior actions" that could form the basis of a cash-for-reforms deal with the country's international creditors, a government source said. As Greece races to stave off bankruptcy, its creditors want Athens to pass laws on reforms as "prior actions" to convince the international lenders of the government's intent. There will be one vote on whether to authorise the government to use the text as a basis for talks, the source said.
Why are Greeks so sure that a deal will get done?
To many observers outside of Athens, the prospect of Greece leaving the eurozone is a matter of when, not if. Recommended: Think you know Europe? Both Greeks and Europeans have experienced a roller coaster of emotional highs and lows as news of the negotiations trickles out of Athens, Berlin, and Brussels.
Greece seeks bailout totaling $55 billion, offers painful spending cuts
ATHENS — Greece is seeking another bailout totaling at least 50 billion euros ($55 billion) from its European creditors and offering to make painful spending cuts and tax increases as it races to avert a financial meltdown, according to government sources. Read full article
Draghi Says This Time It's Difficult to Find Greek Solution
European Central Bank President Mario Draghi suggested the Greek debt crisis is getting increasingly hard to fix, speaking hours before the ECB ...
Weighing the Fallout of a Greek Exit From the Euro
If Athens is forced out of the single currency zone, some experts predict hyperinflation and riots, while others see surges in exports and tourists.