Another quarter-point interest rate rise by the European Central Bank should be enough and further tightening might damage the economy, ECB Governing Council member Yannis Stournaras said in an interview with CGTN Europe on Wednesday.
Eurobank won shareholder approval on Thursday to buy back the 1.4% stake in the group held by Greece’s bank bailout fund, a move that would end state participation in the country’s largest lender.
The Climate Crisis and Civil Protection Ministry, in collaboration with the Ministries of Finance, Interior, and Labor, as well as the Independent Authority for Public Revenue (ADAE), has introduced a comprehensive package of thirteen measures aimed at providing support to households, businesses, and agricultural ventures affected by the recent wildfires.
Derek Gatopoulos, a correspondent for the Associated Press who has been covering news in Greece for more than 25 years, joins Thanos Davelis with the latest updates on the wildfires Greece has been facing this week, and to look at how Greece and Athens are coping with the intense and prolonged heat wave.
Early Thursday afternoon, the temperature had hit 40 degrees Celsius (104 Fahrenheit) in central Athens. And conditions will get worse during the weekend.
A number of young people, students and unmarried people are turning to cohabitation in order to reduce the cost of accommodation.
One in two tourism market players do not engage in strategic partnerships to promote sustainability according to a survey.
The fire burning in western Attica and Viotia for a fourth consecutive day kept reviving on Thursday, leading to more evacuations and more destruction of property. Despite the mobilization of extra resources – at some point, 11 water-dropping airplanes and 11 helicopters, including four sent by France and Italy, were operating in the area –…
Turkish President Recep Tayyip Erdogan on Thursday didn’t rule out reviving deadlocked negotiations to resolve Cyprus’ nearly 50-year ethnic division, but again rejected any deal that wouldn’t offer Turkish Cypriots a state of their own.
The International Coordinating Committee for Justice for Cyprus (PSEKA) issued a statement on Thursday, marking the 49th anniversary of the Turkish invasion of Cyprus and urging an end to the occupation. Additionally, PSEKA criticized the international community for applying double standards in their response to the Cyprus invasion versus Russia’s invasion of Ukraine.