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...

Latvian police took part in the international operation in which one of the world's largest hacker forums Darkode was eliminated, 28 individuals were detained, 38 searches held, as well as confiscated a large number of computers and data carriers. - The Federal Bureau of Investigation (FBI) led the international operations carried out with the support of the European Centre for cybercrime of...

July 13, Eurozone leaders summit has approved in general terms the third program of financial aid to Greece - this time at the expense of the European Stability Mechanism. After 17 hours of tortuous negotiations, Heads of State and Government of the Eurozone countries have agreed in principle on the following the third in a row program of financial aid to Greece. Athens - in exchange for radical...

India has finally preparing the chain of islands in the Andaman & Nicobar for asserting its strategic presence. Having conducted exercises in the waters of the disputed South China Sea, four Indian warships have cruised into the harbour in one of the Nicobar Islands.   The arrival of the warships symbolises how an island chain, which was better known for its honeymoon destination for...

Government Development Bank of Puerto Rico said that it could sell the senior notes in the amount of $ 4 billion. This way, the Commonwealth tries to restructure its debt of $ 72 billion, according to a letter sent to the regulator. The document states that it includes cash and securities or a combination of both. The bank president Melba Acosta said that local banks are major holders of these...

Journalists, covering the negotiations of Iran and the Big Six, which are conducted in Vienna at the highest level for two weeks, demolished a metal detector. The construction could not stand the onslaught of the press, pouring from a huge white tent where the media work, on the street, hoping to learn the details of the discussions from the Foreign Minister of Iran Javad Zarif. Operators on duty...

ISIS terrorists in Tunisia are competing with al-Qaeda, trying to expand the area of influence. The attacks are one way to agitate supporters of radical Islamists. Fear and distress, which Islamic State militants carry with them, are spread increasingly – recently, Northern Africa has been touched too. Shortly after the horrific terrorist attack on the beach of Sousse, which resulted in the...

While Alexis Tsipras and his finance minister turned up at an emergency meeting without any written proposals for reform, a senior EU official thinks that this is probably a strategy to gauge the mood of its creditors. On his part Tsipras seemed pretty clear: although he knows reforms will invariably be painful, for which he needs to move fast, so as to stop any possible revolt against it....

If one of the permanent members of the UN Security Council has a doubt that Iran does not adhere to the agreements, they will be able to veto and block the extension of the lifting of sanctions. The point of a multi-year negotiating process to resolve the Iranian nuclear issue should be put on the meeting of heads of the six international mediators’ diplomatic missions (the five permanent UN...