Europe

Austerity takes toll on Greece’s Tsipras
Europe

Austerity takes toll on Greece’s Tsipras

The ‘House of Marxist Factions’ that was Greece’s Syriza party has gone. Talking leftist politics while implementing austerity is the gamble that Greek Prime Minister Alexis Tsipras must continue to take while forging a new catch-all left-wing party for Greece. Our special correspondent Markus Bernath reports from Athens. Syriza’s new headquarters in […]

The left hand of Greek diplomacy
Europe

The left hand of Greek diplomacy

Exclusive interview: Mass immigration has given Europe an identity crisis and left the European Union seeking answers to questions that aren’t even being posed, Greek Foreign Minister Nikolaos Kotzias tells Global Sources Magazine special correspondent Markus Bernath. Although Greece’s economy remains in dire straits, Kotzias is trying to inject some energy into its foreign policy and […]

Slovakia squeezes the small, unnerves the big
Europe

Slovakia squeezes the small, unnerves the big

Slovakia’s Prime Minister Robert Fico survived elections in March but his party lost its majority in the 150-seat parliament. Fico formed a four-party coalition which will be tested when Slovakia takes over the European Union presidency in July. Ominously, an extreme-right party won 14 seats. Fico won praise for attracting […]

Bulgaria’s corrupted reform battle
Europe

Bulgaria’s corrupted reform battle

The snail’s pace of reform in Bulgaria’s judicial system is increasingly problematic for would-be investors in the country. Our special correspondent Markus Bernath reports on  the rotten apples in this Balkan barrel of the European Union. BULGARIA’S prime minister recently got a slap in the face – from Bulgaria’s business community. The next day he […]

A Mediterranean initiative
Europe Mediterranean

A Mediterranean initiative

There are 20 countries that line the shores of the Mediterranean Sea and despite the huge potential that exists for cross-border business and improvements in the quality of life there is little cooperation between them. Brussels-based Litus Advisory has just released the Mediterranean Growth Initiative, a comprehensive study of the […]

IMF prods EU banks on problem loans
Economy & finance Europe

IMF prods EU banks on problem loans

Europe’s unpaid debts are preventing it from recovering from the financial crisis of the last decade and are holding back further economic growth. Non-performing loans (NPLs) in the European Union totaled €1 trillion at the end of 2014, more than nine percent of the group’s GDP and double the 2009 level, according to […]

Cyprus: Hope springs eternal
Europe Mediterranean

Cyprus: Hope springs eternal

AFTER 42 years of bitter divisions and false hopes, there appears to be real optimism over UN-sponsored negotiations to settle the intractable problem of the divided European Union state of Cyprus. The talks have made progress over the last year and the negotiators are now addressing the truly contentious issues of property and […]