Political News


Former German Foreign minister Frank-Walter Steinmeier was elected as president, succeeding Joachim Gauck. Steinmeier is one of Germany's well known politicians, having twice served as foreign minister, from 2005 to 2009 and again from 2013 until earlier this year. Also he once served as vice chancellor...

Greece-IMF-020717.jpg Greece's economy is set to expand at a pace just below 1 percent in the long term and could attain the primary fiscal surplus target of around 1.5 percent of GDP, the International Monetary Fund said in a report on Monday. "Public debt has reached 179 percent at end-2015, and is unsustainable," the report said.

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