European Commission

Name of New EU Vice President Schinas' Portfolio Draws Sharp Criticism Across Europe

When it was announced on Tuesday that Greece will be among the few EU member states holding one of the Vice Presidencies of the next European Commission, nearly everyone across Greece's political spectrum was pleased. The appointment marks the first...

Greece's Margaritis Schinas Named Vice President of New EU Commission

Greece's Margaritis Schinas will become the next Vice President of the European Commission, with responsibility for the portfolio called ''Protecting the European Way of Life,'' it was announced on Tuesday. According to the statement, which was released by Ursula von...

Speculation over Greek EU Commissioner's Portfolio Intensifies

Speculation over the specific portfolio which will be taken on by Greece's next European Commissioner Margaritis Schinas has intensified over the last several days, with conflicting information coming out of Brussels. According to information published recently by the Cypriot News Agency,...

€7.4 Billion in VAT Revenue Lost in Greece in 2017; €137 Billion Lost EU-Wide

According to the latest data published by the European Commission on Thursday, the nation of Greece lost €7.4 billion in revenues from Value-Added Tax (VAT) that was not collected during 2017. The extent of the practice of tax evasion across...

European Commission Calls on EU Citizens to Prepare for No-Deal Brexit

The European Commission issued a statement on Wednesday in which it calls on all 513 million EU citizens to prepare for the upcoming UK exit from the EU and its implications in their everyday lives. The statement, titled ''Final Commission...

EU Commission Says it "Will Remain by Greece's Side'' One Year After Bailout Exit

The European Commission issued a statement on Tuesday on the occasion of the one-year anniversary of Greece officially exiting its bailout programs after its eight-year-long financial crisis. ''Today marks one year since Greece successfully concluded its European Stability Mechanism (ESM)...

Excise Tax and High VAT Make Beer Expensive in Greece

Beer in Greece is among the most expensive products in the European Union because of high excise tax and a 24 percent value-added tax. According to the current European Commission Directive, each Member State is required to impose a minimum...

EU Grants €300 Million For Ultra-Fast Broadband of Up to 1Gbps in Greece

The European Commission issued a statement on Wednesday noting that it has authorized the transfer of €300 million to Greece so that the country can invest in developing its ultra-fast broadband internet connections across the country. This huge infusion of...

Greece Referred to EU Court For Failing to Protect Natural Habitats and Species

The European Commission decided recently to refer Greece to the Court of Justice of the EU over its ''failure to protect biodiversity adequately''. In its statement, the European Commission notes that while Greece has designated Special Areas of Conservation to...

EU Extends Post-Program Framework for Greece; Discontinues "Mission Chief" Position

The European Commission announced on Friday that the post-program framework for Greece will be continued for an additional period of six months. The Commission stated, ''This extension is a normal and expected process that serves to ensure continued support for...