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International Information Centre for Balkan Studies



Greece Over the Brink

It has been obvious for some time that the creation of the euro was a terrible mistake. Europe never had the preconditions for a successful single currency — above all, the kind of fiscal and banking union that, for example, ensures that when a housing bubble in Florida bursts, Washington automatically protects seniors against any threat to their medical care or their bank deposits.

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Росатом готов помочь продлить "срок жизни" энергоблоков АЭС в Европе

Вице-президент компании "Росатом-Международная Сеть" Андрей Рождествин отметил, что вопрос остановки атомных станций можно решить за счет увеличения угольной генерации.

Read more: Росатом готов помочь продлить "срок жизни" энергоблоков АЭС в Европе

Greece rejects 5-month extension of existing programme offered by institutions

 

 

 

The government rejected the proposal of the institutions for a 5-month extension of the existing Greek programme with funding of 15.5 billion euros, Greek government sources said in Brussels (26.06.2015).

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Ad campaign in Albania: German embassy warns against 'economic asylum'

 

 

 

Germany is a main target country for Albanian asylum seekers. Now, the German embassy in Tirana is warning potential refugees in Albanian newspapers of traffickers and profiteers. Der Tagesspiegel reports.

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Another Eurogroup meeting on Greece ends in frustration

The second meeting of eurozone finance ministers to save Greece from default in two days, today (25 June, 2015) broke up without agreement after about two hours.

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Vujovic: Serbia’s budget deficit approaches RSD 30 billion

The budget deficit approached RSD 30 billion (2,5 billion euro) today, Serbian Minister of Finance Dusan Vujovic said on Thursday (25.06.2015), expressing hope that there will be room before the end of the year for a review of the decision to reduce pensions and public sector salaries as part of austerity measures.

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Greece's proposals to the institutions

The Greek government’s most recent proposals to the country’s creditors were presented to the Eurogroup on Thursday (25.06.2015), half an hour before the meeting, according to a document seen by Kathimerini.

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Summary of Greece's cash-for-reform proposals

 

 

 

Prime Minister Alexis Tsipras flew to Brussels to meet Greece's international creditors on Wednesday to try to bridge gaps on key elements of the proposals made by his left-wing government to shore up state finances in return for vital loans.

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Greece's creditors differ on bailout details

 

 

 

Eurozone finance ministers are due to meet Wednesday evening (24 June, 2015) to try and reach a deal on Greece’s bailout but the creditors themselves are divided and there are worries about final parliamentary approval.

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Bosnian Serb Leader Puts Hopes in Russian Loan

 

 

 

The president of Bosnia’s Serb-dominated entity hopes a Russian loan can save Republika Srpska from an imminent liquidity crisis, but concerns have been raised over the economic and political cost.

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Athens preparing counter-proposal ahead of Summit on 22.06.2015

 

 

 

Government council convenes on Sunday morning – Eurogroup to precede critical Summit on Monday (22.06.2015)

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EU Keen to Help Serbia Secure Gas Supply

 

 

 

After Serbia’s Foreign Minister accused the EU of bypassing Serbia in its plans to construct a new gas pipeline, the head of the EU delegation said Brussels wanted to help Serbia secure its gas supply.

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IMF’s Chief Lagarde: Greece must pay or face default

Greece will be in default with the International Monetary Fund at the start of July if it fails to make a repayment on June 30 because there is no grace period or possibility to delay, IMF Managing Director Christine Lagarde said on Thursday (18.06.2015).

Read more: IMF’s Chief Lagarde: Greece must pay or face default

Bank of Greece requests additional liquidity from European Central Bank

 

 

 

On Thursday (18.06.2015) evening, the governor of the Bank of Greece Yannis Stournaras requested additional funding worth 3 billion euros via the Emergency Liquidity Assistance mechanism from the European Central Bank, in order to address the problems caused by the outflow of deposits.

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Tsipras, Putin to sign preliminary deal on gas pipeline

 

 

 

Greek Prime Minister Alexis Tsipras and Russian President Vladimir Putin are expected to sign a preliminary agreement for Greece’s participation in Moscow’s planned extension of the so-called “Turk Stream” gas pipeline through Greek territory during Tsipras’s visit on Thursday and Friday (18-19.06.2015) to Saint Petersburg.

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