A new bailout should be agreed by late August, Greece's Prime Minister Alexis Tsipras and French President François Hollande said on Thursday (6 August). Greece is in negotiations with the European Union and International Monetary Fund for as much as €86 billion in fresh loans to stave off financial ruin and economic collapse.
Greek Prime Minister Alexis Tsipras on Wednesday (5 August) said his government is nearing a deal with international creditors on a mammoth bailout, as his spokeswoman raised the prospect of early elections in the fall.
Greece and its lenders said on Tuesday (4 August) they were optimistic they could broker a deal within days on a multi-billion euro bailout, striking a surprisingly upbeat tone on a process previously fraught with bitterness. A bailout worth up to €86 billion must be settled by Aug. 20 -- or a second bridge loan agree -- if Greece is to pay off debt of €3.5 billion to the European Central Bank that matures on that day.
Standard & Poor's has changed the outlook for the European Union from stable to negative after the bloc's support for Greece and following Britain's decision to vote on leaving the EU, S&P reported Monday (3 August).
Greece's stock market suffered heavy losses on Monday (3 August), plunging nearly 23% at the open before recovering slightly, after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. One fund manager described it as "herd behaviour" and said few people were buying.
German Chancellor Angela Merkel faced pressure from conservative allies on Sunday (2 August) to run for a fourth term in 2017 after an opinion poll showed they could win an absolute majority if an election were held next week.
Immigrants living in Britain illegally will face abrupt eviction from rental properties under new laws designed to make Britain a tougher place to live in, the government will announce as it redoubles its response to the Calais migrant crisis.
It is the duty of parliamentarians to contribute to re-opening the dialogue between the EU and Russia, argues Knut Fleckenstein, saying it was “a serious mistake” to block the Russian State Duma speaker from entering Finland.
Many of the most radical Catalan separatists believe the autonomous elections on 27 September 27 this year will open the door to the question of secession from Spain. Researcher Ignacio Molina believes this is a dangerous idea.
German Finance Minister Wolfgang Schäuble’s latest plans for a euro tax have solidified the prospect of a transfer union, says Eurosceptic Bernd Lucke in an interview with EurActiv Germany . The founder of the Eurosceptic Alternative for Germany (AfD) party, argues that all the “talk about a Grexit” is just a bluff.
In June 2013, politicians approved the first major reform of the Common Agricultural Policy (CAP) in a decade, following months of haggling over quotas, subsidies and measures to improve environmental accountability.
It is neither acceptable nor possible for European countries to achieve energy security on the back of a fossil fuel strategy that will undermine democracy, human rights, and climate security, writes Luca Bergamaschi.
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