Medusa-7 war exercises near the Crete Islands in Greece, Egypt and Cyprus also participate along with Greece

Medusa-7 war exercises near the Crete Islands in Greece, Egypt and Cyprus also participate along with Greece

Athens: Amid the indications of increasing Turkish activities in the Mediterranean Sea, Greece Egypt and Cyprus held multinational war exercises. Warships from all the three countries participated in the war exercises code named Medusa-7 and stayed near the Crete Islands in Greece. Egypt and Greece have been regularly holding Medusa war exercises since 2015, but […]

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Greece should quit the Euro and use Drachma as its currency, warns former Greek Finance Minister

Greece should quit the Euro and use Drachma as its currency, warns former Greek Finance Minister

Athens: The European lending agencies have converted Greece into a dead colony wherein Greeks will have to suffer pain and poverty for many years to come, accused former Finance Minister of Greece. At the same time, he warned that Greece should quit the Euro and start using the old Drachma currency. It was announced on […]

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Switzerland will not accept migrants from Greece and Italy

Switzerland will not accept migrants from Greece and Italy

Bern: Switzerland has turned down the request to accept immigrants from Italy and Greece, made by the European Union. Earlier in 2015, Switzerland had accepted about 1500 immigrants from Italy and Greece on the request of the European Union. But the Swiss officials said,,‘a decision that such immigrants will not be accepted henceforth has been […]

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‘Israel-Greece-Cyprus’ agree to bolster defence cooperation

‘Israel-Greece-Cyprus’ agree to bolster defence cooperation

Larnaca: ‘There is a necessity to unite in order to counter the threat of terrorism and illegal immigrants posed to the Middle East and its surrounding areas,’ in these words the Israeli Defence Minister Avigdor Lieberman underlined the cooperation with countries like Greece and Cyprus. Israel has adopted the policy to establish cooperation with various […]

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Greece must implement reforms or leave Eurozone, warns German Finance Minister

Greece must implement reforms or leave Eurozone, warns German Finance Minister

Athens: German finance minister said that its imperative for Greece to implement economic reforms, if it is to stay in the Eurozone. In spite of this warning, EU during its Brussels summit agreed to grant some debt relief to Greece. It is said that the decision was influenced by the shocking results of Italy’s referendum. […]

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Economists warn Italy’s economy could be like Greece due to banking crisis

Economists warn Italy’s economy could be like Greece due to banking crisis

Rome/Brussels : European economists and analysts have claimed that as the Italian banking sector is overburdened with a debt of 350 billion,  the Italian economy could also tumble down like that of Greece. The Italian economy is the 3rd largest economy in the ‘Eurozone’. The instability of this economy may lead to uncertainty in the entire […]

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Macedonia becomes the 30th member of NATO; agreement inked in a meeting at Brussels

Macedonia becomes the 30th member of NATO; agreement inked in a meeting at Brussels

Brussels: Against the background of the naming dispute with Greece and Russian displeasure, Macedonia signed a deal to join the NATO. The country is named the Republic of North Macedonia and becomes the 30th member of NATO while it is the 4th country of the Balkans to join the international alliance. After Macedonia inked the […]

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Israel plans to host summit for European nationalist groups, includes Visegrad group and Balkans

Israel plans to host summit for European nationalist groups, includes Visegrad group and Balkans

Jerusalem: Israel has organised a summit for a few European countries, in the next month, given the issues concerning sanctions against Iran, the dispute over Jerusalem, and growing anti-Jewish sentiment in Europe. For the summit, Israel has invited the Visegrad or the V-4 group which comprises of four European countries considered to be nationalist in […]

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