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Greece's new PM Alexis Tsipras has vowed to ditch the country's austerity program which has been carried out for years in return of EUR 240 B of loans coming from international lenders. Photo by EPA/BGNES
Parties in the newly elected Greek government formed by left-wing SYRIZA and right wing ANEL have agreed to firmly oppose the austerity measures regarding the country's imminent debt payments.
The coalition has reiterated its willingness to renegotiate the EUR 240 B Greek debt.
"Nobody believes that the Greek debt is sustainable," chief economics spokesman for the victorious SYRIZA party Euclid Tsakalotos has told the BBC. He further stated that if Greece is removed from the Eurozone, the Eurozone will collapse.
Meanwhile, director of the International Monetary Fund Christine Lagarde announced the organization's support for Greece and its new government on Monday.
Eurogroup President Jeroen Dijsselbloem also said in a press conference following the group's meeting on Monday, that he expected to work with the new Greek government in the same way as he has with the previous one. He added that it is still too early to say what "their intentions and ambitions are in the short term'', as reported by euronews.com.
Dijsselbloem also stated that options for renegotiation of debt will be resorted to ''only if necessary''.
One week after the start of the US and Israeli strikes against Iran, the effects are already visible on global oil markets. The escalation quickly influenced trading on international exchanges, where crude oil prices reacted to the rising uncertainty surr
Greece has announced that it will assist Bulgaria with air defense capabilities in response to the escalating tensions related to Iran. The decision was confirmed by Greek Defense Minister Nikos Dendias, who said the move follows a formal request from Sof
Bulgarian authorities do not register heightened migratory pressure at this stage. Following a government meeting, Deputy Interior Minister Ivan Anchev stated that there are currently no indicators suggesting an increase in migration flows toward the coun
The municipal authorities in Kavala, northern Greece, are set to exhume roughly 150 graves of individuals who died from COVID-19 after it was discovered that the bodies had not decomposed even five years after burial.
Annual inflation across the eurozone eased to 1.7% in January, marking a 16-month low and down from 2.0% in December 2025, according to preliminary data from Eurostat.
Bulgaria has announced its intention to acquire more than 100 Centauros anti-drone systems from Greece in multiple configurations, under the framework of the European SAFE regulation
Iran’s military has officially denied launching a missile toward Turkey, following reports that NATO forces intercepted a ballistic missile over the eastern Mediterranean
Yesterday, a ballistic missile fired from Iran over Iraqi and Syrian airspace was intercepted by NATO air defense systems before entering Turkish territory
Turkish officials have clarified that the missile fired from Iran, which was intercepted by NATO air defense systems in the eastern Mediterranean, was not aimed at Turkey
Turkey’s Ministry of National Defense reported on Wednesday that NATO air and missile defense systems deployed in the Eastern Mediterranean successfully intercepted an Iranian ballistic missile that was detected heading toward Turkish airspace
The recent escalation in the Middle East has prompted heightened alert across the Balkans, with governments convening emergency security meetings, reinforcing protection at sensitive sites, issuing travel warnings, and activating evacuation procedures
The municipal authorities in Kavala, northern Greece, are set to exhume roughly 150 graves of individuals who died from COVID-19 after it was discovered that the bodies had not decomposed even five years after burial.
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