Denmark Implements Mandatory Military Service for Women
Denmark has announced sweeping reforms to its military, marking a historic shift by extending conscription to women for the first time and increasing the standard service time, BBC reported
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Greece will honour its debt repayment obligations to international lenders “to the extent” that it is able to pay, a government official said on Monday.
"It is the government's responsibility to be able to repay all these obligations ... it is also the responsibility of the creditors to be faithful to (their) loan obligations," government spokesman Gabriel Sakellaridis told journalsts in Athens.
Sakelaridis spoke a day after Greece’s Interior Minister Nikos Voutsis warned that the country has no money to repay EUR 1.6 B to the International Monetary Fund (IMF) on time next month unless it reaches a bailout extension deal with its creditors.
The payment must be made in four separate instalments between June 5-19 as part of Greece’s settlement for the bailout received in 2011.
“This money will not be given. There isn't any to be given,” Voutsis told Greek TV station Mega.
Greece’s left-wing government of Prime Minister Alexis Tsipras has ruled out a default on payment obligations to public sector workers and pensioners, saying they have first claim on the shrinking resources in state coffers.
Greece has been holding tough talks with the its eurozone partners and the IMF over the past four months, trying to unlock some EUR 7.2 B in bailout aid to avert default.
The lenders are increasing pressure on Tsipras' government to agree to more spending cuts and economic reforms in order to secure the rescue funding but Athens claims that further austerity measures will strangle the Greek economy which is trying to emerge from one of the deepest recessions in modern times.
“There is a compelling need" for Greece and its creditors to reach a deal, Sakellaridis said.
A Greek delegation is expected to resume negotiations in Brussels on Tuesday with the heads of the institutions overseeing the aid programme of the cash-strapped country.
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The Czech Republic has revealed the dismantling of a vast network of Russian influence spanning across Europe, with Bulgaria among its targeted countries
The European Prosecutor's Office in Sofia has taken legal action against an individual suspected of fraudulent activities involving European subsidies, as announced by the Luxembourg-based institution
German arms manufacturer Rheinmetall has secured a substantial financial boost from the European Union, receiving over 130 million euros to enhance its ammunition production capabilities
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