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Georgia sees progress in Geneva conference

Georgian deputy foreign minister Sergi Kapanadze said that Russia took a more open position in talks held in Geneva over discussions on obligations not to use military force. The last round of the International Conference on the Georgian issue held by the UN, EU and OSCE took place in Geneva …

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Greece could need a 3rd bailout package

Greek Prime Minister Lucas Papademos declared on Friday that Greece could need a 3rd bailout package. This might happen if the austerity measures will not stabilize the economy and restore market confidence. “Greece will do everything possible to make a third adjustment program unnecessary. It cannot be excluded that some …

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