Select a language
In the wake of a growing number of declarations in Brussels and Berlin that Greece will not leave the eurozone, a Grexit scenario now appears to be less likely. This analysis has also been confirmed by a large number of economists polled by Reuters.
Grexit scenario less likely – I Kathimerini
Greek Prime Minister Antonis Samaras has a week to convince his international partners to approve the release of a further €31.5bn in aid and a schedule that would give Greece an additional two years in which to implement cost-cutting. European leaders are piling on pressure on the country by preparing an emergency plan to cope with the country’s possible exit from the euro.
Europe puts Greece up against the wall – Le Figaro
“Certain eurozone governments are attempting to mask and prevent Greek bankruptcy with a secret plan,” reports the tabloid. Greek debt “is to be reduced by lowering the rate of interest on its current borrowings and a partial write-down.” The details of this third bailout are to finalised “by mid-September at the latest.”
Secret EU aid to Greece – Kronen Zeitung
In its monthly report on Monday, Germany’s Bundesbank criticised a rumoured European Central Bank (ECB) plan to purchase governments bonds if the yield gets too high compared to the German Bund, saying it would carry “substantial risks”. In a statement the ECB denied the existence of such a plan.
Berlin’s no to anti-spread cap – La Repubblica
Germany has reported record tax revenues at a time when Greece is preparing to introduce further spending cuts.
Berlin blessed with gold but austerity package for Athens – Der Tagesspiegel
Secret CIA camps operated in Poland in 2002-3, where alleged Al-Qaida members were detained and interrogated using methods close to torture, and with the consent and knowledge of the democratically elected Polish authorities, reports the weekly.
CIA torture, Polish guilt – Przekrój
Record temperatures led the country’s armed forces to work a shorter day, while meteorologists issued specific warnings on how to deal with extremely high temperatures. Meanwhile, strong storms could cause flooding in South Bohemia.
40.4 degrees. Czech Republic sees historic heatwave – Lidové noviny
Was this article useful? If so we are delighted!
It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.
Discover our subscription offers and their exclusive benefits and become a member of our community now!
