Latest in Highlight
Ambassadors criticise western media and governments, stress that Egypt is fighting terrorism
Ministry of Foreign Affairs has pledged to aid Egyptian expats in Greece
Minister of industry and foreign trade meets Greek ambassador to Egypt
Growing number of violent incidents aimed at immigrants in Greece prompts embassy warnings
Many flights were to be cancelled or rescheduled as traffic controllers held a three-hour work stoppage.
Egypt debt default, Algeria lifeline, green energy thinking
Asian markets rising, fears over Spanish and Greek debt returning to the fore
EU President: “Europe is on the way out of the crisis”
Nations complying with Iranian sanctions are granted waivers to aid them in diminishing imports from Iran
Germany’s Chancellor gives Greece eurozone hope, after talk with its prime minister
Anxiety looms over the Global Financial Market.
By Luigi Zingales CHICAGO: A Greek tragedy is typically composed of three acts. The first sets the scene. It is only with the second that the plot reaches its climax. For current-day Greece, the imposition of “voluntary” losses on the country’s private creditors represents just the end of the beginning. The real tragedy has still to …
By Daniel Gros BRUSSELS: The first de facto default of a country classified as “developed” has now taken place, with private international creditors “voluntarily” accepting a “haircut” of more than 50 percent on their claims on the Greek government. As a result, Greece now owes very little to private foreign creditors. Greece also agreed to even …