Greece

Cyprus Gains Support as EU Seeks to Prevent Crisis Flare

 Cyprus Gains Support as EU Seeks to Prevent Crisis Flare

 Rebecca Christie and Patrick Donahue, Business Week, 14 March 2013

European political chiefs paved the way for finance ministers to wrangle a rescue for Cyprus today as the euro area seeks progress toward a bailout that’s been batted about for nine months.
“I can’t imagine that we’ll let the weekend go by without resolving the Cyprus problem,” Luxembourg Prime Minister Jean- Claude Juncker said early today after euro leaders met midway through a two-day European Union summit in Brussels. The EU gathering ends today with a 27-nation discussion of foreign policy, to be followed by a euro-area ministers’ meeting.

Once Again, Lenders Ask Greece for Additional Cuts

 Once Again, Lenders Ask Greece for Additional Cuts

Liz Aldreman, The New York Times, 14 March 2013

ATHENS — It has been so elaborately repeated that it almost borders on ritual: Greece’s troika of lenders leaves Athens with disagreement over whether the country should receive billions of euros in fresh financial aid.Greek officials scramble to tackle demands for more austerity to obtain the money, even as social distress deepens.The cycle was staged again Thursday as the Greek government tried to figure out how to meet one of the troika’s toughest requirements: designating 25,000 of the country’s 650,000 or so civil servants for eventual dismissal.

Bulgaria abandons Russia-Greece oil pipeline project

Bulgaria abandons Russia-Greece oil pipeline project

by Staff Writers Sofia (AFP) March 07, 2013

Bulgaria's outgoing parliament confirmed on Thursday a government decision to pull out of the long-stalled Burgas Alexandroupolis oil pipeline project.

A total 115 lawmakers in the 240-seat legislature voted to throw out a 2007 agreement with Russia and Greece for the 280-kilometre (175-mile) pipeline meant to bring Russian oil to Greece via Bulgaria.

Twenty-five lawmakers voted against the move, and one abstained.

The outgoing right-wing government had already suggested abandoning the project in late 2011 due to environmental concerns and doubts about its economic viability, and with its partners still keen on it, Bulgaria has now pulled out unilaterally.

Samaras: 'We will win this battle'

 Samaras: 'We will win this battle'

AMNA, 9 March 2013

AMNA -- Launching preparations for the party's 9th Regular Conference in a few months time, Prime Minister Antonis Samaras addressed ND's Political Committee on Saturday and expressed confidence that Greece will finally prevail, emerging from the crisis a winner.

Co-exploitation of hydrocarbons in Aegean 'out of discussion'

 Co-exploitation of hydrocarbons in Aegean 'out of discussion'

Athens News Agency, 5 March 2013

 

AMNA--"Matters of co-exploitation of hydrocarbons in the Aegean are out of discussion," PASOK parliamentary group secretary Yannis Maniatis, a former deputy environment and energy minister, said on Tuesday, in an exclusive interview on AMNA web TV.
"We have the Law of the Sea (UN Convention on the Law of the Sea) on our side. The mainland and island regions of our country have their own Exclusive Economic Zone (EEZ), which is delineated on the basis of the principle of equal distances. It is what the Law of the Sea gives us and which we employ as a strong weapon in our negotiations with all our neighbors," Maniatis said.

 

 

US heading for Greece-style debt crisis

US heading for Greece-style debt crisis

 

http://www.youtube.com/watch?v=Qe-Pv0BNt1I

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