Prime Minister George Papandreou said that Greece may have to use a proposed EU-IMF financial aid package. On last Sunday, Papandreou said resorting to the mechanism is not his country’s ” first option ” , but it may be needed. ” The question remains whether this mechanism will convince markets …

Prime Minister Boyko Borisov announced Friday (April 9th) that Bulgaria will give up its eurozone application for the time being due to its current inability to meet the European Monetary Union criteria. Finance Minister Simeon Dyankov said that the country will voluntarily revise its 2008 and 2009 budget deficits. The …

The European Commission (EC) will not send a special mission to monitor the upcoming local election in Montenegro, the head of the EC delegation in Podgorica, Leopold Maurer, said on Friday (April 9th). The comment came after a request of the opposition Movement for Changes (PzP), which earlier asked the …