Greek Central Banker Reiterates Call for the Euro to Become a Global Reserve Currency
Bank of Greece Governor Yannis Stournaras has once again voiced his support for elevating the euro’s role in the global financial system
Greece’s parliament was formally dissolved Wednesday by a decree, officially marking the start of a monthlong election campaign, reports The Wall Street Journal.
The decree, cosigned by President Karolos Papoulias and Prime Minister Antonis Samaras, sets January 25 as the date for new elections and announced that parliament would reconvene on February 5 following those elections.
On Tuesday Samaras had asked the president to dissolve the legislature after it failed to elect a new head of state for Greece.
On Monday the Greek Parliament failed to approve former European Commissioner Stavros Dimas, the presidential candidate nominated by Samaras, in the third and last round of voting on Monday.
The previous two rounds were also unsuccessful and by constitution, after three unsuccessful attempts, the Parliament has to be dissolved and early parliamentary elections have to be called.
Later Wednesday, Greece is due to swear in caretaker interior and justice ministers, who will preside over the election process.
The elections, coming some 18 months ahead of schedule, are expected to pit the governing New Democracy party of Samaras against rival left-wing Syriza, which firmly opposes the austerity measures in Greece.
Croatia is reintroducing mandatory military service after a 17-year break, with the government unveiling a new law that will reinstate basic training for young men starting no later than January 2026
A strong earthquake struck southwestern Turkey during the early hours of Tuesday
Macedonian Prime Minister Hristijan Mickoski accused Bulgaria of attempting to portray the people of North Macedonia as an “artificial nation”
Early this morning, an explosion rocked the Krušik defense plant in Valjevo, Serbia, resulting in five people sustaining minor injuries
The Patriarchate in Belgrade has accused Bulgaria of genocide against the Serbs in "Vardar Serbia", pointing to the systematic extermination of entire Serbian families with the aim of eradicating the Serbian national spirit
In Greece, the housing crisis is becoming more severe, with the government now considering the introduction of a punitive tax on owners of vacant properties
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe