Bulgaria’s Parvomay Municipality Adapts to Euro: Residents Express Mixed Reactions
Parvomay Municipality in Bulgaria has become one of the first to prepare for the country’s euro adoption
Eurozone finance ministers sealed a deal Tuesday morning for a second bailout for Greece, including EUR 130 B in new financing.
"It's clear that the Greek economy cannot (continue to be) financed by cheap debt, but needs to lean on new investment both Greek and foreign," Olli Rehn, vice president of the European Commission, commented at a press conference, as cited by CNN.
"This should give Greece enough space to improve its competitiveness," added Christine Lagarde, head of the International Monetary Fund.
If Tuesday's deal had not been reached, Greece would have defaulted in late March.
As news of the accord emerged from the all-night meeting, the Euro increased its value, reaching USD 1.328 in minutes.
The previous bailout was agreed in principle by EU leaders in October, conditional on Greece adopting further measures to cut its deficit and restructure its economy.
On Sunday, Greek MPs approved extra cutbacks, but parties had to expel more than 40 deputies for failing to back the bill.
Thousands protested in Athens, where there were widespread clashes and buildings were set on fire. Violent protests were reported in cities across the country.
The Baltic states of Estonia, Latvia, and Lithuania have officially disconnected from Russia’s electricity grid and successfully integrated into the European Union’s power network
U.S. President Donald Trump reaffirmed his proposal for the United States to assume control over Gaza, describing it as a "big real estate site" that should be redeveloped under American oversight
On February 1, Slovakia resumed importing Russian gas via the TurkStream pipeline
The European Commission has launched investigations into Chinese e-commerce giants Temu and Shein over concerns related to consumer protection
Israeli Defence Minister Israel Katz announced on Thursday that he has instructed the Israeli Defense Forces (IDF) to prepare a plan allowing residents of Gaza to leave if they wish
France has delivered the first Mirage 2000 fighter jets to Ukraine
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