Alexis Tsipras has once again emerged victor by controlling the dissidents in his party and by utilizing the help of the pro-EU opposition, he has steered Greece through these difficult times and onto the next reform package. Having tied the Gordian knot that has set the ball rolling and has ensured the functioning of bank in Greece, Alexis Tsipras, has now contained a rebellion in his own...

The authorities of the European Union have signed the latest agreement, necessary for creation of the European fund for strategic investments - a mechanism for implementing the European investment plan in the sum of € 315 billion. EU expects to restart the post-crisis economic growth with the support for investments. EU formally established the European fund for strategic investments, EFSI,...

The first Islamic bank in Germany set to work in Frankfurt. KT Bank AG, which is the subsidiary of Kuwait-Turkish financial institution Kuveyt Turk Bank, counts, in particular, on the Muslims living in Germany, the number of which, according to many estimates, varies from 4 million to 5 million people.   In accordance with the norms of Sharia, KT Bank will not participate in the financing...

The Cuban flag is raised over the country's embassy in the US, reports US television on Monday. The ceremony was attended by Cuban Foreign Minister Bruno Rodriguez Parrilla. Later, he will meet with US Secretary of State John Kerry in the State Department. Also, a press conference with Parrilla is scheduled after the meeting. The Cuban embassy in the United States resumed the work after more...

Netherlands suspended the use of fracking technology, along with several other countries, where shale gas is criticized harshly. It seems like fracking boom did not happen in Europe.  Another country has decided to refrain from the use of fracking. The Dutch government has introduced a five-year moratorium on commercial production of shale gas using this technology. At the end of this year,...

Malaysia is a unique country, being led by an elected Sultan. It is a state in the Southeast Asia, which has made great success in the economy and world politics in less than 50 years of independence from Britain, having turned into one of the "Asian tigers" from a colony. In 2015, Malaysia is at the 7th place in the Bloomberg's rating of the 20 Fastest-Growing Economies This Year. While some developed countries' economies are in a period of stagnation, the economy of Malaysia is growing by enviable pace.

Bundestag MPs suggest allowing refugees children with fluent German to stay in Germany. This initiative was made by the head of the parliamentary faction of the Social Democratic Party, a member of the ruling coalition. The debate about a possible revision of immigration legislation flared with renewed vigor after a video with Chancellor Angela Merkel, comforting crying girl - a refugee from...

The head of the Council of Europe, former Polish Prime Minister Donald Tusk gave a lengthy interview to seven European newspapers in which he shared his thoughts about the Greek crisis and the current situation on this background in Europe. According to Mr. Tusk, the Greek opposition gave new strength to radical political organizations and left and right wing, resulting in a pre-revolutionary...

Although Europe is readying twin life support systems that will uphold the Greek economy, disturbing questions remain as to how to best manage Greece’s gigantic public borrowing. Grexit is still a possibility. With Greece holding up its end of the deal, Europe has moved to re-open funding to Greek’s crippled economy. The European Central Bank (ECB) increased emergency funding for Greece while...