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Tag: Greece

Greece bailout ends – but belt-tightening not over

Greece bailout ends – but belt-tightening not over

World
After almost a decade of tough austerity measures, Greece can financially "stand on its own feet" after receiving tens of billions of euros to help it fix its economy and banking sector. The country has now successfully completed its third and final bailout programme to end a debt crisis that nearly resulted in it leaving the single currency at the height of the catastrophe.The European Union, the European Central Bank and the International Monetary Fund loaned Greece a total of €289bn (£259bn) in three programmes, in 2010, 2012 and 2015.The last bailout - a three-year European Stability Mechanism (ESM) programme launched in 2015 - saw €62bn (£55bn) of financial aid given.A further €24.1bn (£21.6bn) was available under the programme but was ...
Celtic knocked out of Champions League after loss in Greece

Celtic knocked out of Champions League after loss in Greece

Sports
Celtic will not play in the Champions League group stage for the first time during Brendan Rodgers' tenure after defeat by AEK Athens in Greece.After a week soundtracked by reports of unrest between Rodgers and the board over a failure to strengthen the squad - and amplified by Saturday's defeat at Hearts - Celtic were two down after 50 minutes in Athens. Scott Sinclair's header with 12 minutes to play left Celtic needing to score once more to progress to the play-off round on away goals. But the Greek champions held on to deny their Scottish counterparts a tie with Hungarian side MOL Vidi.Instead Rodgers will lead Celtic into a Europa League play-off round meeting with Latvia's Spartaks Jurm...
'Serious indications' Greece wildfire was arson

'Serious indications' Greece wildfire was arson

World
There are "serious indications" a wildfire near Athens that has killed more than 80 people was arson, authorities say. Public order minister Nikos Toskas said satellite image analysis and ground inspections suggest the fire that broke out on Monday was set deliberately.The blaze struck coastal villages popular with holidaymakers.Most people fled to the safety of the sea with just the clothes on their backs. Image: More than 80 people have died Survivors spoke of harrowing scenes including entire families burned alive in their homes.:: Greece wildfires: Terror police investigate after 'armageddon' blazes near Athens"We were alone, there was nobody to help us. Everybody did what they thought they had to do to survive on ...
'I've never seen anything like this before in my life,' says man who fled Greece fire

'I've never seen anything like this before in my life,' says man who fled Greece fire

World
When fires erupted near his summer home in the coastal Greek town of Mati, Nikos Stavrinidis and his wife ran to the nearest beach, flames and smoke licking at their heels all the way. But when they got to the water's edge, Stavrinidis and his wife were forced to make a desperate choice: Either jump into the water and swim for their lives or risk being consumed by a monster inferno the likes of which the couple had never seen before. They chose to swim, hoping someone would rescue them. "It happened very fast," Stavrinidis told the Associated Press of how the fire swept into his neighborhood. "The fire was in the distance, then sparks from the fire reached us. Then the fire was all around us." He said he and his wife had traveled to their summer home and were preparing for a visit f...
Russia blasts Greece over cybercrime suspect's extradition

Russia blasts Greece over cybercrime suspect's extradition

Technology
A Greek court agreed Friday to extradite a Russian cybercrime suspect to France, a decision the Russian government protested and which could further sour relations between the two countries after Greece expelled two Russian diplomats. The court in the northern city of Thessaloniki ruled in favor of France's request to take custody of Alexander Vinnik, a former bitcoin operator who was arrested in Greece last year on a U.S.-issued warrant. Vinnik, 38, also is wanted on criminal charges in the United States and Russia. The ruling was made a day after Greek authorities confirmed that two Russian diplomats were being expelled for allegedly providing protest funding in an attempt to keep neighbor Macedonia from joining NATO. The Russian Foreign Ministry indicated it was considering reprisals....