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EU finance ministers approve Greek austerity plan

The EU finance and economy ministers on Tuesday approved Greece’s plan to solve its public finance crisis within three years. The programme envisions measures to slash the country’s huge budget deficit by 4% this year with more measures to come.

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Greek PM visits Moscow, discusses South Stream

Greek Prime Minister George Papandreou said in Moscow on Tuesday that his country’s economic woes will not negatively affect implementation of the South Stream gas pipeline. Papandreou also declared that the current situation in Greece will have a positive effect on relations with Russia. Putin, in turn, downplayed Greece’s economic …

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