Inflation Erodes Gains as Bulgarians Afford Only Two-Thirds of What Europeans Buy
Bulgarians’ purchasing power has improved over the past decade, but it still lags significantly behind the European average
Greek Ministers and official guests pose for a photo in front of the Zappeion Hall in Athens during the ceremony for Greece's EU presidency. Photo by EPA/BGNES
Greece officially assumed the EU's six-month rotational presidency on Wednesday at a ceremony in Athens.
This is the 5th time the country takes the presidency, and surely its most difficult, after being faced with years of economic recession, austerity measures, and high unemployment.
Prime Minister Antonis Samaras stressed that his country has made great sacrifices along the difficult path to economic recovery, but the worst times were now behind.
"We will work in close cooperation with the European Commission and the European Central Bank in order to achieve a breakthrough in tackling unemployment and fostering economic growth", said Foreign Minister Evangelos Venizelos.
Among the guests of the ceremony was EC President Jose Manuel Barroso.
Greece has vowed to carefully choose the time to put forth on the EC's agenda Bulgaria and Romania's entrance into the Schengen area.
Another priority of the Greek presidency will be the EU's expansion into the Western Balkans.
Former German Foreign Minister Sigmar Gabriel has described Germany’s misunderstanding of Russian President Vladimir Putin’s intentions as one of the greatest failures in the country’s foreign policy
Russia’s Foreign Ministry has criticized Serbian President Aleksandar Vucic after his recent remarks to a German publication about selling ammunition to European Union countries
The European Commission has introduced stricter rules on issuing visas to Russian citizens
Romania has urged the United States to reconsider its plan to withdraw hundreds of troops stationed in the country, warning that such a move could undermine NATO’s unity and play into Russia’s hands
Russia currently has the capacity to carry out a limited strike on NATO territory at any time, although whether it will do so depends largely on the stance of Western allies
NATO has regained the upper hand in ammunition production, surpassing Russia after a period during which Moscow outpaced the alliance
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