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ATHENS, Greece (AFP) — European Commission President Jean-Claude Juncker warned Britain Tuesday that voting to leave the EU would be “an act of self-harm” that would endanger everything Europeans had worked together to achieve. “To turn your backs on your neighbors and retreat into isolation would go against everything that Europe and the UK stand for,” Juncker said during an address to Greek business leaders in Athens, adding: “To leave would be an act of […]
Israel’s defence minister Moshe Yaalon said on Tuesday (January 26) that Islamic State militants had been funded with ‘Turkish money’, an assertion that could hinder attempts to mend fences between the two countries after years of estrangement. Yaalon said that the Turkish government wasn’t pulling their weight in the fight against “terrorism”. “Now it’s up to Turkey, the Turkish government, the Turkish leadership, to decide whether they want to be part of any kind of […]
(Reuters) World markets were down on Wednesday (July 8) as investors worried about Greece’s debt crisis, a meltdown in Chinese markets and a slump in commodities. Euro zone leaders on Tuesday (July 7) gave Athens until the end of the week to come up with proposals for reforms in return for loans. Without the aid, Greece is likely to crash out of Europe’s single currency bloc. Markey analyst Chris Beauchamp said but a solution […]
(Reuters) — Greek pensioners queued outside banks in Athens once again on Wednesday (July 8) to withdraw their pensions as fears grew that the country’s cash reserves would soon run dry. The scenes have been repeated outside 1,000 bank branches across Greece since banks were closed and capital controls imposed on June 29. Banks were only opened during the last week to pensioners who do not have credit or debit cards. Other people stood in […]
(Reuters) — People on the streets of the Greek capital expressed anger with their government on Wednesday (July 1), the morning after Greece defaulted on a 1.6 billion euro loan from the International Monetary Fund (IMF). Greece’s last-minute overtures to international creditors for financial aid on Tuesday (June 30) were not enough to save the country from becoming the first developed economy to default on a loan with the IMF. The IMF confirmed that Greece […]
(REUTERS) Greek ministers arrived in Athens on Sunday (June 21) for a full cabinet meeting with Prime Minister Alexis Tsipras to discuss concessions the government may present at an emergency eurozone summit on Monday (June 22). Greece’s left-wing government promised on Saturday (June 20) to offer concessions to creditors to unlock billions of euros in funds and stave off default. With its banks hanging on life support from the European Central Bank, and billions of […]
