European Commission Slaps Greece with Nearly €400 Million Fine Over Agricultural Subsidy Fraud
The European Commission has imposed a fine of nearly €400 million on Greece over a major scandal involving the mismanagement of EU agricultural subsidies
Greek riot police have taken by force the Acropolis as disgruntled civil servants had barricaded themselves inside preventing tourist access for the second consecutive day.
The police forces employed pepper spray and batons to chase away the protesters from the Culture Ministry who demonstrated against plans by the government to scrap some 800 short-term contracts by the end of the month, after their failure to obey prosecutor's orders to vacate the top historical attraction.
As the police cracked down on the protesters, the Acropolis was again opened for visitors.
Labor unrest around Greece reached new heights on Thursday as a railway strike unfolded parallel with the riot police crackdown at the Acropolis and the Parthenon against measures undertaken by the government in order to get the country out of its unprecedented debt crisis and recession.
In May, Greece avoided bankruptcy thanks to a bailout loan of EUR 110 B from the EU and the International Monetary Fund.
The police-protester clashes at the Acropolis occurred amidst news that Greece's unemployment rate rose back to 12%, its May level, in July, after it declined to 11.6% in June. It is almost 2 percentage points higher than the unemployment in the euro zone, which stood at 10.1% in July. The Greek government expects an unemployment rate of 14.5% in 2011 as the local economy will be in its third year of recession.
Greece's economy is expected to decline by 4% in 2010, and another 2.6% in 2011. At present, it is worth about EUR 240 B, making up 2.5% of the euro zone.
The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has endorsed a report on Bulgaria’s preparedness to adopt the euro
At least 18 people were killed and nearly 300 injured in a Russian missile attack on the central Ukrainian city of Dnipro on June 24
The draft report on North Macedonia’s EU accession progress passed through the European Parliament's Committee on Foreign Affairs on June 24, following a postponed vote earlier this month
Russia launched a missile strike on the Ukrainian city of Dnipro on the morning of June 24
Hungary and Slovakia have blocked the European Union’s 18th sanctions package against Russia just days before the upcoming European Council summit
Russian drone and artillery strikes overnight on June 24 left a deadly trail across several Ukrainian regions
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe