Greece solutions shouldn't include change to principal, Rehn says
Resolving Greece's debt problems will require a combination of measures but should not include any change to the principal amount it owes, the European Union's top economic official said on Thursday.
"The solution will be a combination of various elements, one is not enough. But it is essential that the principal not be touched. There is a strict unanimity on this within the eurozone,» EU Economic and Monetary Affairs Commissioner Olli Rehn said.
Eurozone finance ministers will attempt to close Greece's financing gap to 2014 when they meet again in Brussels next Tuesday, instead of finding a solution for as long as 2020, a senior euro zone source told Reuters on Wednesday.
Handelsblatt, quoting European Union diplomats, said the amount need to cover the gap could be realized by lowering interest rates on outstanding debt as well as extending maturities on loans. [Reuters]
Labor Minister Yiannis Vroutsis announced on Thursday a new government initiative, to apply from January 2014, that will offer 75,000 new jobs for young people.
In the context of the governm...
The islands of Kythnos, Serifos, Sifnos, Kimolos and Milos have decided to embark on an ambitious plan to set up and launch their own ferry service in a bid to rekindle tourism in the Wester...
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
The league that in the last three years has produced the European basketball champion entered its playoffs on Tuesday and Wednesday with the first games of the quarterfinal round, with AGO R...
The dramatic appeal for a national mobilization in the face of a heightened threat of devastating forest fires this summer, which Public Order Minister Nikos Dendias voiced in Parliament on ...
Far-right Golden Dawn has been catapulted onto center stage of Greek politics. That’s almost an achievement for the post-1974 political system that emerged from the collapse of a pathetic mi...
