Greece

Prime Real Estate On Fire Sale -- In Greece

A deep and prolonged economic contraction has placed prime real estate on fire sale in Greece, creating good opportunities for bargain hunters. But they may not last too long.<p>Buying prime real estate is all about good location and good timing. Good location is usually a place with a limited amount …

Business

World’s Best Romantic Dive Destinations

Make your next dive trip one to remember for you and your special someone with the romance of quiet beaches, far-off isles and unforgettable …

Aegean Sea

Merkel is hosting a meeting for the European G-20 leaders in Berlin

BERLIN (AP) — The German government says Chancellor Angela Merkel will host a meeting next week of European participants in the Group of 20 summit to prepare for the meeting of global powers in July.<p>Government spokeswoman Ulrike Demmer said Friday that the meeting will involve the leaders of Spain, …

G20

If Poland Can Fix Tax Fraud, So Can Greece

Improved tax collection means Poland relies less on debt. Greece should take note.<p>The idea that Greece can reduce its need for debt relief if it learns to collect taxes better is hardly a popular one. But another country with a big gap between expected and actually collected tax revenues, Poland, …

Economics

Greek government announces new austerity measures

Greece will suspend more civil servants than originally planned and impose new pension cuts as part of more austerity measures, the government said today.<p>The move came as Greece tried to persuade international creditors to continue bailout payments needed to avoid a chaotic default.<p>Government …

Euro Under-21 round-up: Portugal out despite 4-2 win over Macedonia as Spain beat Serbia 1-0

Portugal have been dumped out of the European Under-21 Championship despite beating Macedonia 3-2.<p>Edgar Ie, Daniel Podence and two goals from Bruma …

Macedonia

Greece Credit Rating Upgraded At Moody's, Outlook Revised To Stable

Greece's sovereign bond rating was upgraded one notch to Caa2 from Caa3 at Moody's Investors Service, citing the release of a EUR8.5 billion tranche under the country's adjustment program allowing the repayment of debt, improved fiscal prospects and tentative signs of a stabilizing economy. The …

Moody's Investors Service

EU leaders boost support for Libya to halt migrant exodus

AP Radio AP Radio News:<p>BRUSSELS (AP) -- European Union leaders pledged Friday to boost their support for conflict-ravaged Libya as the number of people fleeing Africa on crowded, unsafe boats for better lives in Europe continues to rise.<p>European Council President Donald Tusk said the central …

Aegean Sea

European Central Bank seeks power over key financial sector

FRANKFURT, Germany (AP) — The European Central Bank is asking for legal powers to oversee how transactions involving financial derivatives are settled — a hot topic in negotiations over Britain's departure from the European Union.<p>The ECB said Friday it has asked EU authorities for "clear legal …

European Central Bank

Poll: Greeks Not Convinced With Positive Spin Gov't Gives on Eurogroup Deal

Despite the government’s efforts to put a positive spin on the Eurogroup agreement and the new austerity measures, Greek citizens are not convinced …

Golden Dawn

ECB confirms two struggling Italian banks will close

Veneto Banca and Banca Popolare di Vicenza to be wound down

Banking

Houses in Athens Sold at Ridiculous Prices Due to Crisis

Real estate prices in the general Athens area have plunged so low that in some cases houses are sold at one tenth of their market price, according to …

Real Estate

ECB pushes to gain control euro clearing business after Brexit

Governing council of central bank calls for change in statute to give it more legal powers<p>The European Central Bank has made its strongest push yet …

UK News

Do hair straightening brushes actually work?

<b>On the Metro Lifestyle desk, we love a new beauty find.</b><p>So when we heard about a hair brush that miraculously straightens your hair, we had to get our …

Athens

EU free-traders water down Macron’s plan to vet foreign takeovers

Merkel backs French president’s investment screening plan in show of unity

Alexis Tsipras

Allied Irish Banks completes IPO with €12bn valuation

Ireland has floated one of the banks whose collapse helped push the country to an international bailout, marking a milestone in the country’s …

French economy minister calls for convergence on corporate tax with Germany

PARIS (Reuters) - New French economy minister Bruno Le Maire has called for swift convergence with Germany on corporate tax, and said his government will implement "difficult" measures this summer to ensure France honors its European pledge on public spending.<p>In an interview with the French daily …

Business

Moody's upgrades Greece rating after bailout deal

ATHENS, Greece (AP) — Moody's has upgraded Greece's bond rating after the country reached a deal this month with bailout lenders for continued rescue fund payments.<p>The credit ratings agency said late Friday that it was revising Greece's investment status up one notch, from Caa3 to Caa2, after the …

Bailouts

Greek debt: IMF and EU's quick fix isn't enough

Last week’s bailout is only a short-term compromise – the two creditors must work together on a proper solution<p>The International Monetary Fund has resurrected an old technique – commonly used in the 1980s during the Latin American debt crisis – that would allow Greece to avoid a payment default …

Debt Relief

EU confirms rollover of Russia sanctions

BRUSSELS (Reuters) - European Union leaders agreed on Thursday to extend sanctions imposed on Russia for its intervention in Ukraine by another six months, European Council President Donald Tusk said.<p>"Agreed. EU will extend economic sanctions against Russia," Tusk tweeted, confirming the bloc's …

World News

Greek rubbish strike causes stink

<b>Since the start of the week, piles of rubbish have been mounting in cities across Greece, in a dispute over thousands of refuse collectors' jobs.</b><p>Tourist areas of Athens were among those worst affected. Problems were also reported in the northern city of Thessaloniki and the island of …

Athens

Greece stocks higher at close of trade; Athens General-Composite up 0.47%

Investing.com – Greece stocks were higher after the close on Friday, as gains in the Chemicals, Banking and Food sectors led shares higher.<p>At the …

Markets

Greek municipal workers' strike hinders trash collection

ATHENS, Greece (AP) — Thousands of striking Greek municipal workers marched through Athens on Thursday to press for better employment status, in the latest of a series of protests that have hindered trash collection in major cities.<p>Authorities said that about 5,000 people took part in the …

Peru prime minister to take on double role as finance minister: sources

LIMA (Reuters) - Peru Prime Minister Fernando Zavala will be appointed finance minister and remain in his current post at the head of centrist President Pedro Pablo Kuczynski's cabinet, two government sources told Reuters on Thursday.<p>Zavala, a former executive at brewer SABMiller who served as …

World News

A Sweetheart Deal to Bailout Italy's Banks

Italy has a potential solution for another of its banking messes, but it involves a state-aid dodge that might stretch Europe’s rules too far.<p>The problem is with the Veneto banks, two merged lenders in dire need of capital even though they were bailed-out by an industry-backed rescue fund only last …

Business

Lack of eligible candidates dogs EU relocation scheme

Earlier this month, the European Commission launched legal action against the Czech Republic, Hungary and Poland, over their refusal to participate …

European News

The good, the bad and the ugly aspects of Thucydides in the Trump administration

The hard-working staff here at Spoiler Alerts is fond of Thucydides. His History of the Peloponnesian War had made repeated appearances in this space in recent years. As I noted last year:<p>One could argue that an awful lot of the models in international relations are contained in Thucydides’ …

Foreign Policy

Greece Makes Women’s EuroBasket Semi-Finals for the First Time

Greece’s women’s national basketball team beat Turkey by 29 points on Thursday, making it to the semifinals of the 2017 Eurobasket in the Czech …

Czech Republic

Analysis: Greek Debt Relief With a ‘Fiscal Straitjacket’

The rescue plan for Greece as agreed in the June 15 Eurogroup is doomed to fail because it is a “fiscal straitjaclet,” according to a Peterson …

Debt Relief

Boosting tax transparency in the EU and preparation of European Council

New transparency rules for tax planning intermediaries<p>Recent events such as the Panama Papers revelations have exposed how some intermediaries …

Brexit