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EU reiterates support for Greece

The European Union (EU) Tuesday reiterated its position that it wants debt-ridden Greece to remain inside the 17-member Eurozone following an interview by an EU Commissioner who said that a Greek Euro-exit “will not destroy the Eurozone.” “We want Greece to remain a member of euro area. We are fully …

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Bulgaria closed Turkish Border because of floods

The Bulgarian Border Police has shut down for traffic the Kapitan Andreevo crossing on the Bulgarian-Turkish border as a result of the floods that struck Southeastern Bulgaria on Monday. As of 6 pm on February 6, 2012, the Kapitan Andreevo crossing was

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Merkel says Greece must honour undertakings

Eurozone power couple France and Germany urged Greek leaders on Monday to “live up to their responsibilities” by voting in favour of an unpopular austerity package designed to slash its deficit. Speaking at a joint news conference after talks in Paris, President Nicolas Sarkozy and

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