Send to Kindle
Greek Vice-President and Finance Minister Evangelos Venizelos. Photo by EPA/BGNES
Finland may be provided with collateral in exchange for providing fresh aid for Greece, Greek Finance Minister Evangelos Venizelos revealed Wednesday.
"We are only speaking about guarantees of a financial nature...and guarantees that do not include claims on property," Evangelos Venizelos said in a radio interview, as cited by The Wall Street Journal.
In exchange for the Finnish contribution to Europe's temporary bailout facility, Greece would provide several hundred million Euro worth of cash collateral to the Nordic country.
At least EUR 20 billion of approximately EUR 109 B assistance package for Greece is earmarked for Greek banks, according to the German paper Handelsblatt. In return, the banks would be partially nationalized, after which bank shares would be given to the Eurozone countries as collateral.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a decisive statement, Greek Prime Minister Kyriakos Mitsotakis affirmed that Greece will not be supplying Ukraine with either Patriot or S-300 air defense systems
A nationwide strike in Greece has brought the country's transport networks to a standstill, affecting railways, ferries, buses, taxis, and more
In a bold move to amplify their demands for higher wages and better working conditions, journalists across Greece have embarked on a 24-hour strike, effectively halting news broadcasts for the duration
In a demonstration of solidarity and protest against the government's economic policies, media workers across Greece have initiated a 24-hour strike, aligning themselves with the call for protests issued by labor unions
In the early hours of Friday trading, the price of gold surged to an unprecedented peak, nearing the 2,400 USD per ounce mark
In a bid to uphold the principle of free access to beaches, Greek authorities have implemented strict regulations, warning of hefty fines for violators.
Bulgaria's Minister of Defense Todor Tagarev admitted the possibility that an explosive device might have been planted on board the crashed plane in which Yevgeny Prigozhin was traveling
The European Commission has announced that it is preparing criminal proceedings against Bulgaria, Cyprus, Greece, Malta, and Portugal for incorrect application of the rules on the exchange of data on criminal records and the establishment of the relevant
The European Commission has started an evaluation of the Plan for Reconstruction and Development of Bulgaria, said the spokesman of the European Commission Eric Mamer. The document was submitted to the Commission on 15 October.
58% of Bulgarians do not support the introduction of the euro as the official currency in the country. This shows a study prepared by Trend agency specifically for the financial forum NEXT DIFI 2021, organized by b2b Media for the fifth year. The data dur
Too late Bulgaria began to explain its own position towards North Macedonia, as it should have been clear to our European partners some time ago.
An SPD-led government in Germany has significant potential to sharpen international attention to the problems of corruption in Bulgaria.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
