Anger Over EU's Gesture of Solidarity with Iran Following Raisi's Death
Condolences and an offer of assistance from the EU to locate the helicopter carrying Iranian President Ebrahim Raisi have stirred widespread anger
Greece will likely run out of money in June and negotiations on reform have to be completed by that time, the IMF's European head has said.
Paul Thomsen, Director of the International Monetary Fund (IMF)'s European Department, warned in an interview with German daily Handelsblatt [DE] that an agreement must take place by end of June to avoid a situation in which Greece could slide into bankruptcy.
Thomsen added that he believed Greece would remain within the Eurozone, but made clear members of the EU's single currency area should prepare to take measures in case of a "Grexit" scenario. In his words if Athens quits the Eurozone, a strong signal should be sent to those countries which are waiting to get into the area to dispel any doubt that the "Grexit" will put a wheel on their integration.
He explained that, even though negotiations between Greece and lenders had recently gathered pace, the parties were "far" from achieving their goal.
Earlier, Greek Finance Minister Yanis Varoufakis warned that an event of Grexit could spread to other countries as well.
"Once the idea enters peoples' minds that monetary union is not forever, speculation begins ... who's next? That question is the solvent of any monetary union. Sooner or later it's going to start raising interest rates, political tensions, capital flight," the English-language version of daily Kathimerini quotes him as saying in an interview with Spanish TV La Sexta.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
According to a recent survey by the Washington-based International Republican Institute, Serbian citizens exhibit the highest level of Euroscepticism in the Western Balkans
The Prime Minister of Greece, Kyriakos Mitsotakis, has dismissed the prospect of the Greek parliament ratifying the three memoranda associated with the Prespa Agreement with Skopje
A man has been apprehended in Serbia after allegedly making threats against President Aleksandar Vucic, according to Deputy Prime Minister and Minister of the Interior Ivica Dacic
Romanian Prime Minister Marcel Ciolacu has announced that Romanians will likely no longer require visas to travel to the United States by October of this year
Serbian Prime Minister Milos Vucevic expressed solidarity with Ukraine during talks with Ukrainian Foreign Minister Dmytro Kuleba in Belgrade
The Ministry of Foreign Affairs of North Macedonia has urged the country's politicians, particularly elected state officials, to exercise caution in adhering to the Prespa Treaty signed with Greece in 2018, which altered the country's name and secured NAT
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU