After 12 Years, Greece’s EU Lenders Stop Checking the Books

ATHENS – Two years after three international bailouts of 326 billion euros ($333.47 billion) to prop up Greece’s economy ended – and 12 years of monitoring spending and austerity measures, the country’s European Union lenders said the checking will end on Aug. 20.

That will cease what was euphemistically called “enhanced surveillance,” a term describing the Troika of the EU-European Stability Mechanism-European Central Bank making sure that targets were met to prevent automatic spending cuts.

“A difficult chapter for our country comes to a close,” said Finance Minister  Christos Staikouras, reported Reuters. “Greece returns to a European normality and will no longer be an exception in the Eurozone,” the 19 countries in the 27-member EU who use the euro as their currency.

European Commission Vice President Valdis Dombrovskis and Economy Commissioner Paolo Gentiloni said the checking of Greece’s books could end because the New Democracy government had met commitments and reforms.

That means, said Staikouras, that Greece will now find it easier to lure more foreign investors, especially during the lingering COVID-19 pandemic, and reduce interest costs on borrowing from financial markets.


ATHENS — For decades, Britain and Greece were able to differ, largely politely, over the world's toughest cultural heritage dispute: What's the right place for some of the finest ancient Greek sculptures ever made, which have been displayed in London for more than 200 years but which Greece vocally wants back.

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A pregnant woman was driving in the HOV lane near Dallas.

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Rosalynn Carter’s Intimate Funeral is Being Held in the Town Where She and Her Husband Were Born

PLAINS, Ga. (AP) — Rosalynn Carter received her final farewells Wednesday in the same tiny town where she and Jimmy Carter were born, forever their home base as they climbed to the White House and traveled the world for humanitarian causes.

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JERUSALEM (AP) — It has become an Israeli mantra throughout the latest war in Gaza: Hamas is ISIS.

ATHENS – As the 100th anniversary of her birth approaches on December 2, the tributes to Maria Callas continue – literally all over the world.

NEW YORK – Ahead of The Hellenic Initiative’s 11th Annual New York Gala on December 2, honoree Ted Leonsis, the well-known entrepreneur and philanthropist, shared his thoughts with The National Herald.

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