Tagged: Greece

Islanders resist new migrant centers, governors assume duties

Government plans to create pre-departure detention centers for migrants ineligible for refugee status have run into opposition from locals on Chios and other eastern Aegean islands, Kathimerini understands. Authorities say the new facilities will accelerate returns to Turkey and, as a result, help reduce the numbers of migrants and refugees on the islands which currently […]

Missing American found safe and sound in western Greece

A US national who went missing on Sunday in the area of Kaloudi in Aitoloacarnania, western Greece, was found safe and sound on Monday morning by a rescue team. The 28-year-old called the emergency 112 number on Sunday evening, saying he had lost his way while driving from the town of Nafpaktos to Kaloudi and […]

Slovakia not ready to pay any price for IMF in Greece

Slovakia would welcome the International Monetary Fund’s involvement in the Greek bailout but is not willing to pay any price for it, including accepting any debt relief, which Athens does not need, Slovak Finance Minister Peter Kazimir said. “As for our friends from the IMF, we like them and it’s good to have them on […]

Weather forecast: Clouds, rain

Clouds and winds from variable directions are forecast for Monday. Wind velocity will reach 6 on the Beaufort scale. Clouds and rain in the morning in the northern and western parts of the country with temperatures ranging from 02C to 16C. Partly cloudy with a chance of rain in the eastern parts and temperatures between […]

Regling says Greece may return to markets in summer 2018

Greece will be able to return to financial markets in the summer of 2018 and can end its bailout program, but it must implement with determination the reforms agreed with its creditors if it wants to regain the trust of private investors, the head of the eurozone bailout fund said on Thursday. Speaking at a […]

Weather forecast: Mostly fair

Mostly fair weather and winds from variable directions are forecast for Friday. Wind velocity will reach 4 on the Beaufort scale. Partly cloudy in the northern and western parts of the country with temperatures ranging from -02C to 16C. Mostly fair in the eastern parts with temperatures between 03C to 15C. Scattered clouds over the […]

Regling says Greece may return to markets in summer 2018

Greece will be able to return to financial markets in the summer of 2018 and can end its bailout program, but it must implement with determination the reforms agreed with its creditors if it wants to regain the trust of private investors, the head of the eurozone bailout fund said on Thursday. Speaking at a […]

Pump rigging commonplace at gas stations

Illegal trade in gas is soaring in Greece due to the increase in taxation and the absence of inspections, leading to total annual state losses in excess of 20 million euros. Market sources say that the majority of gas stations tamper with their pumps, while large quantities of industrial-use gas – that bears lower tax […]

Weather forecast: Mostly fair

Mostly fair weather and northerly winds are forecast for Wednesday. Wind velocity will reach 7 on the Beaufort scale. Mostly fair in the northern and western parts of the country with temperatures ranging from -03C to 15C. Scattered clouds in the eastern parts with temperatures between 1C and 14C. Partly cloudy over the Aegean islands […]

Dijsselbloem: Greece debt situation not an ‘acute crisis’

The Greek debt situation is not an “acute crisis,” Eurogroup President Jeroen Dijsselbloem said on Tuesday, with the next loan instalment not needed by Athens until the summer. Dijsselbloem said a review of the Greek debt situation would not be completed before European Union finance ministers meet next week.

Weather forecast: Clouds and light rain

Rain or sleet and northerly winds are forecast for Tuesday. Wind velocity will reach 8 on the Beaufort scale. Clouds and sleet in the northern parts of the country with temperatures ranging from -01C to 09C. Partly cloudy in the western parts and temperatures between 06C to 14C. Light rain or sleet in the eastern […]

Dombrovskis: Greece, lenders risk euro zone instability if review talks drag on

Greece and its lenders should quickly approve a review of reforms the indebted country must take in return for unlocking new loans, a senior European Union official said on Sunday, warning of financial instability in the eurozone if the issue lingers. “Now is not the time to turn the clocks back to financial instability,” Valdis […]

Weather forecast: Clouds and sleet

Clouds, rain or sleet and northeasterly winds are forecast for Monday. Wind velocity will reach 8 on the Beaufort scale. Partly cloudy in the northern parts with temperatures ranging from -01C to 07C. Partly cloudy and light rain in the western and eastern parts and temperatures between 01C to 14C. Partly cloudy over the Aegean […]

Greece should quit eurozone, get debt relief, German party leader says

Greece should leave the eurozone and then be given debt relief, the head of Germany’s pro-business Free Democrats (FDP) told a German radio station on Thursday. Greece should, however, remain in the European Union, FDP leader Christian Lindner told Deutschlandfunk, so it can get subsidies to put into infrastructure or help small- and medium-sized businesses. […]

Bond yields climb on fear Greece will miss QE

Greece has been effectively locked out of the secondary bond markets since January 31, as the yield on its bonds frequently rises above 8 percent – deemed the high-risk line – and the situation is not improving. There was a fresh decline in bond prices on Wednesday as international traders are worried that Greek bonds […]

Weather forecast: Mostly Cloudy

Partly cloudy and winds from variable directions are forecast for Thursday. Wind velocity will reach 7 on the Beaufort scale. Cloudy in the northern parts of the country with temperatures ranging from 02C to 11C. Clouds and rain in the western and eastern parts and temperatures between 04C and 15C. Partly cloudy over the Aegean […]