Nationwide Strike Grips Greece: 24 Hours of Transport Paralysis
A nationwide strike in Greece has brought the country's transport networks to a standstill, affecting railways, ferries, buses, taxis, and more
German Federal Chancellor Angela Merkel has spoken out against speculations that Greece will not be able to pay out its state debts.
"We are not doing Greece a favor by speculating about the outcome of reforms and whether the country will be able to deal with its public debt," stated Merkel at a press conference Tuesday.
Monday the Standard and Poor's agency cut Greece's rating to B from BB- and warned it could go lower because of a rising probability that the country would have to restructure its debt.
"In our view, there is increased risk that Greece will take steps to restructure the terms of its commercial debt, including its previously-issued government bonds," the agency said in a statement.
S&P said euro zone countries would likely want private holders of Greek government debt to extend bond maturities as governments consider easing terms on the EUR 110 B bailout that saved Greece from bankruptcy last year.
At present, auditors from the European Union, the European Central Bank and the IMF are reviewing reform efforts taking place in Greece.
In the past, Chancellor Merkel has been adamant in her criticisms of Greece's fiscal policy and her backing of stern bailout conditions.
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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