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European Commission

EU Approves Greece's Plan to Reduce Bad Loans

The European Commission approved on Thursday a Greek plan to reduce its bad loans at the country's banks by up to 30 billion euros ($33.04 billion), saying that the proposal did not violate state aid rules. The plan, known as...

EU Report Finds Number of School Dropouts Decreases in Greece; Average Scores Drop

The annual EU Education and Training Monitor for 2019 was published by the European Commission on Thursday, revealing some very interesting results about the situation of education across the Union and of course in Greece. According to this year's report,...

EU Ready to Offer Greece Emergency Assistance To Tackle Immigration Crisis

Natasha Bertaud, deputy chief spokesperson of the European Commission, said on Monday morning that the EU is ready to mobilize anything it can to assist Greece to confront the recent massive increases of illegal immigration onto its soil. All the...

EU Commission Approves Greece's Primary Residence Protection Plan

The European Commission issued a statement on Thursday morning in which it announced that the executive of the Union has approved Greece's plan for protecting the primary residence of Greek citizens from foreclosure. The statement notes that the Greek plan...

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)...