One of the worst crises in EU history took another crucial turn with a decision made in the morning of Monday, 13 July. In order to avert his country’s financial collapse, Prime Minister Alexis Tsipras struck a deal with the other Eurozone leaders that would give Greece its third international bailout in five years. The package is worth €86bn and will be doled out over a period of 3 years.
An historic agreement has finally been reached between Iran and the group of six world powers on 14 July 2015. The deal, which is a political agreement and not a legally binding treaty, limits Iran’s nuclear programme for a decade in return for lifting international oil and financial sanctions. Joint statement by EU High…
A review of the current geopolitical situation in Estonia, Latvia and Lithuania.
By Ricardo Lenoir
Last summer, Madrid hosted the finals of the world basketball championship. This fact completely monopolised the information on Internet coming from the Baltic states, a region which had hitherto abounded in entries on tourism, inviting people to visit its three beautiful capitals. Six months later, and with toughening…
By Deniz Torcu
As of July the 13th, following tense negotiations, Eurozone leaders have reached an agreement for the new Greek bailout. A few days ago, Greek Prime Minister Alexis Tsipras proposed an austerity plan which was nearly identical to the very one that the Greek people vetoed in the July 5th referendum. The Greek proposal includes strict measures like a unified VAT rate of 23%, elimination of discounts on islands, incrementation and/or adjustment of corporate income and property tax rates, abolition of subsidies for farmers, introduction of penalties for early retirement, privatization of state-owned companies, etc.
