On December 5 last year, the Ob River, an 288-metre LNG (Liquefied Natural Gas) tanker with a capacity of 84,682 deadweight …
Greece
Greek Finance Minister: Economic Recovery in Sight
(ATHENS, Greece) — Greece’s recession-wracked economy should start recovering from next year and its sky-high unemployment rate should edge lower from the end of 2014, the country’s finance minister said in an interview broadcast Thursday.
Speaking on state-run NET television, Yannis Stournaras said the government’s aim was to …
2 Dead, 8 Missing After Freighter Sinks Off Greece
(ATHENS, Greece) — A cargo ship sank off southern Greece after colliding with another freighter Monday, leaving two Syrian seamen dead and eight others missing and spurring a large rescue operation, officials said.
The accident occurred before 7 am (0400GMT) some 78 miles (125 kilometers) southwest of the southern Peloponnese …
Greek Bill Opens Way for Civil Service Layoffs
(ATHENS, Greece) — Greece’s Parliament approved an emergency bill Sunday to pave the way for thousands of public sector layoffs and free up 8.8 billion euros ($11.5 billion) in international rescue loans.
The bill, which passed in a 168-123 vote, will allow for the first civil service layoffs in more than a century. About 2,000 …
It’s Official: Eurozone Enters Second Recession In Three Years
Despite positive growth in France and Germany, official figures show the 17-nation euro bloc sinking into its second recession since 2009—with experts warning the worst is yet to come.
France ‘Biggest Problem’ in Euro Crisis, Say German Officials
France smarts at German comments despairing French economic response to the euro crisis, and media reports contending Berlin is preparing a To-Do reform list for sluggish leaders in Paris.
Is Gay Marriage Too Progressive for the French?
The leftist government of French President François Hollande tables legislation to legalize same-sex marriages and adoptions amid rising opposition and public hesitation
Reclaiming Xenophobia: The Rise of Ultra-Nationalism in Greece
Golden Dawn is not the only manifestation of paranoia stemming from the economic crisis. Anti-immigrant sentiment is now part of the political mainstream
On the Road with Golden Dawn, Greece’s Ultra-Nationalist Party
Even as it appropriates the Greek past for propaganda purposes, the far-right party has gained in popularity while espousing virulent anti-immigrant policies and rhetoric.
A Kinder, Gentler Merkel Comes Calling in Athens
The German Chancellor hasn’t given up on her austerity push, but she isn’t about to show Greece the E.U. door
Anti-Austerity Protesters Clash with Riot Policemen in Central Athens
As many as 50,000 demonstrators took the the streets of Athens in an union-organized strike against austerity measures on Sept. 26, 2012. This is the first large-scale march since Greece’s coalition government was formed in June.
In Autumn’s Challenges, a Series of Existential Crises for the Euro
The fate of the euro will be repeatedly tested in coming weeks, as the European Central Bank, markets, legal experts and politicians all weigh in from opposing sides in the struggle to preserve the tormented common currency
How Is Samaras Doing? So Far, the Euro Zone Likes the New Greek Leader
There is a lot of hardship ahead but so far Merkel and the Germans like what they hear from the Greek Prime Minister. Will the honeymoon last?
