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European Union

Turkey May Dispute Cypriot Gas Reserves

Cyprus' hopes of using potential gas reserves as a bargaining chip to trigger an international bailout is hitting an obstacle in Ankara as Turkish officials said they may challenge any move to do so, the news agency Reuters reported. The...

Poll Shows 94% Of Greeks Oppose Austerity

With a third year of harsh austerity measures in return for international bailouts in effect, a survey has found 94 percent of Greeks are against the conditions, although they continue to back the government which imposed them. The poll taken...

Syrian Refugees Flocking to Greece

Despite its economic problems, Greece is still the most popular entry point for refugees trying to get into the European Union and has been inundated by waves of them. This year, that has included some 8,000 Syrians fleeing the...

European Union Wins Nobel Peace Prize for Uniting Continent

The European Union won the Nobel Peace Prize for its long-term role in uniting the continent, the Norwegian Nobel Committee said on Friday, an award seen as morale boost for the bloc as it struggles to resolve its debt...

IMF Sees Greece Missing Debt Targets by 2017

Greece will miss the five-year debt reduction target that underpins the country΄s 130 billion euro bailout, according to forecasts released by one of its main lenders on Tuesday. According to Reuters, the International Monetary Fund in its fiscal monitor report...

Greece Will Need Third Bailout, Says Greece's IMF Rep

Greece will need a third arranged bailout with its international lenders after falling far short of its austerity programme targets, an IMF official told the Wall Street Journal in an interview published by Dow Jones Newswires. The Euro fell sharply...

Greece's Lenders Delay Aid To October

Greece's international lenders won't discuss new aid for the country before October when they present a review of the country's bailout program to finance ministers from the region's single currency bloc, a European Union official said Wednesday as the...

ECB Acts to Head off Greek Bankruptcy

The European Central Bank has moved to stave off Greece bankrupcty for the time being by guaranteeing additional emergency loans from the country's central bank, a German newspaper reported Saturday. The ECB's governing council decided at a meeting Thursday on...

Katerina Moutsatsou’s New Political Video: “Occupy EU”

Greek actor Katerina Moutsatsou attracts attention once again with the new strong political message against the neoliberal and cruel world she sent with a video she posted on youtube on Sunday morning. The video is titled “Ode to Lost Joy,”...

Bloomberg: Greece’s Highways are Smoother than its Finances

Cross the border to Greece from Bulgaria or Turkey and you move from narrow, potholed, lethal truck runs onto the wide and empty magic carpets of Greece΄s freeways. The financial crisis is global, but it΄s Greece that΄s a mess,...