Bloomberg : IMF ‘partner in a project that, by its own analysis, is bound to fail’
Bloomberg — The deal struck last week between Greece and its euro-zone creditors is business as usual — and that’s not a good thing. This […]
Month: June 2017
Aghios Nikolaos to host first cliff diving competition on July 1-2
Tornos News — Aghios Nikolaos in Crete will host the first cliff diving competition and a night show on the first weekend of July. The […]
China’s State Grid seals Greek power deal
Shanghai Daily — State Grid Corp of China, the China’s biggest utility, said yesterday that it had completed purchase of a 24 percent stake in […]
Moderate earthquake felt in Rethymnon
eKathimerini — A moderate earthquake measuring 4.1 on the Richter scale shook the region of Rethymno on Crete shortly before 4 p.m. Wednesday. There were […]
Brussels warns on Greek debt sustainability
eKathimerini — The European Commission expresses serious concern over the sustainability of the Greek debt in an analysis attached to its report on the completion […]
Germany’s Social Democrats postpone Greece aid hearing
Reuters — Germany’s parliamentary budget committee will discuss paying the next tranche of aid to Greece next week, a senior lawmaker from the Social Democrat […]
Commission OKs past state aid to Greek rail operators
INaftemporiki — The EU Commission on Friday lifted a significant obstacle standing in the way of the privatization of Greece’s state-run rail operator (Trainose) by […]
Smithills couple launches appeal to raise money and find homes for three abandoned kittens from Crete
The Bolton News — An animal loving couple have launched an appeal to find new homes for three kittens found abandoned under a bin in […]
10 of the best beaches on Crete
Tornos News — Crete has a coastline of 1,046 km or 650 miles with some extraordinary beaches. With crystal clear waters and sand in a […]
Greece blocks EU statement on China human rights at U.N.
Reuters — Greece has blocked a European Union statement at the United Nations criticizing China’s human rights record, a decision EU diplomats said undermined efforts […]
Spain threatens to block bailout if Greece does not grant immunity to EU officials
Eurogroup of finance ministers may block an €8.5-billion loan to Greece if it does not grant immunity from prosecution to privatisation agency officials from Spain, Italy […]
German parliament debate on Greece deal could unsettle markets-Schaeuble
Reuters — Asking the German lower house to debate the euro zone’s decision to accept the IMF’s participation ‘in principle’ could lead to market uncertainty, […]
IMF takes ‘unusual’ steps for Greece
channelnewsasia.com — By promising on Thursday (Jun 15) to approve a new aid plan for Greece, but without releasing any money, the IMF has again […]
Eurogroup agrees to unlock cash to pay themselves – IMF agrees to join in after the programme is finished
Al Jazeera — Eurozone ministers struck a long delayed bailout deal with Greece to unlock rescue cash to pay themselves and avoid a Greek default, […]
FYROM and Greece mend ties
EUObserver.com — Greece has objected FYROM’s idea of joining Nato under the name Macedonia, but voiced good will to restart talks on the name dispute. […]