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.

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 …

US Ambassador to BiH Charles English said that the referendum issue in the entity of Republika Srpska is very sensitive, adding the United States would consider provocative any issue that endangers the country’s stability, sovereignty or territorial integrity. The US Ambassador deplored the lack of reform, saying the political stalemate …