German Experts Press For Oust of Greece from the EU
Nonetheless, after extending second bail out to the debt-stricken Greece, it was believed that euro zone crisis would take a breather, the news of larger countries like Italy and Spain may soon place themselves in the same category has jolted the 17-nation currency clan. With the growing outrage over the future of European countries, the domineering Germany has always kept its foot ahead over every other European country.
If reports are to be believed, German experts and economists are of the opinion that Greece must exit from the EU, followed by Portugal and even Italy.
Its being widely claimed that injecting financial stimulus though may help Greece, the lending country is thrown at a back-foot, as their economic sustainability comes under scanner.
As of now, there is no provision under EU to oust any nation, irrespective of economic status, legal experts are of the say that once other European countries will take their steps back, Greece would have no choice but to leave the group.
However, sentiments outside the Germany are totally different, where the countries are of the opinion that it could have disastrous effect on the integrity of the EU. Not even this, the financial market would not be able to bear such reckless and cruel exclusion.
Moody's Investors Service has maintained Baa2 rating for Bulgaria as the country has reported stable economic activity during the last quarter.
Turkish President Recep Tayyip Erdogan faced tough questions from German and French leaders about some people held in custody in Turkey.
Hong Kong-based Cathay Pacific Airways, the largest international airline in Asia, is preparing to lay off as many as 600 employees at its headquarters.
After several years of tentative mutual approaches, US-based chemical manufacturer Huntsman Corporation and Switzerland’s Clariant AG have finally agreed to merger to create an entity with a market value of more than $14 billion.
Mosquito bites are not just a nuisance but can results into a serious public health threat as a single mosquito bite can transmit multiple dangerous viruses, researchers have warned.
Cannes presents an exceptional platform for filmmakers, scriptwriters and artists and some of those talented people have been left out as Cannes announced ban on streaming-only movies.