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Tag Archives: Greece

Death toll climbs as fires rage around Athens, Greece

Twin wildfires raging through popular seaside areas near the Greek capital have torched homes, cars and forests and killed at least 74 people, authorities said Tuesday, raising the death toll after rescue crews reported finding the bodies of more than 20 people huddled together near a beach. CBS News correspondent …

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UAE ambassador meets Greek businessmen

Mohammad Mir Abdullah Al Raisi, UAE Ambassador to Athens, met on Thursday with a group of Greek business leaders, representing different industrial and business sectors. During the meeting, Abdullah Al Raisi highlighted the opportunities offered by the UAE to investors and referred to the leadership’s vision for the UAE becoming …

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IMF boss urges ‘rainy day fund’ for Eurozone

International Monetary Fund (IMF) chief Christine Lagarde said Monday that Eurozone countries should set up a “rainy day fund” that could cushion members when they hit economic hard times. “For a relatively modest cost … a central fiscal capacity could reduce the negative effects on output by more than 50 …

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Senior EU Official: … I Think The EU Will Fall Apart

The Levant – – European Council President Donald Tusk, who chairs EU summits, on Friday called on the 28-country bloc’s leaders to stop shifting the responsibility onto others and to build a credible migration policy. Bitterly divided European leaders will seek to find a credible response to the worst migration …

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Jumblatt says Lebanon needs a leader like Greece’s Tsipras

THE LEVANT NEWS — BEIRUT: Praising the Greek people’s Sunday rejection of European creditors’ demands for more austerity in return for a loan, Lebanon’s Progressive Socialist Party leader Walid Jumblatt said his country could use someone like Greece’s premier to tackle its own economic problems. “Greece’s step is huge and …

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EU Hunts Formula to Keep Greece in Euro After Tsipras Win

By Rebecca Christie and Radoslav Tomek for Bloomberg – European finance ministers started work on reviving Greece’s troubled rescue program as new Prime Minister Alexis Tsipras took office promising to end austerity. Finance chiefs from the 19-nation euro area signaled their willingness to do a deal with Tsipras — so long …

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