Forest fires rage in France, thousands evacuated from homes

HOSTENS, France, Aug. 10 (Reuters) – Wildfires ripped through the Gironde region of southwestern France on Wednesday, destroying homes and forcing the evacuation of 10,000 residents, some of whom had climbed onto rooftops as flames approached. Black-orange skies, obscured by the smoke billowing from the woods and lit by the flames, were seen over the … Read more

Greek intelligence chief resigns over wiretapping allegations

ATHENS, Aug. 5 (Reuters) – The head of the Greek intelligence service resigned on Friday after increased scrutiny of the agency’s surveillance practices, including an allegation by an opposition party leader that he had been wiretapped in 2021. Panagiotis Kontoleon, head of EYP intelligence, tendered his resignation “after faulty actions found during legal wiretapping,” according … Read more

Greece, Saudi Arabia sign data cable deal, discuss link to power grid

RIYADH/ATHENS, July 26 (Reuters) – Greece and Saudi Arabia signed a deal on Tuesday to lay a submarine data cable that will connect Europe to Asia and discussed the possibility of interconnecting their electricity grids to supply Europe with cheaper green energy . Greece and Saudi Arabia agreed in May the key terms of a … Read more

Factbox: ECB unveils new TPI anti-fragmentation tool

FRANKFURT, July 21 (Reuters) – The European Central Bank on Thursday unveiled its Transmission Protection Instrument (TPI), a new bond-buying program designed to help more indebted euro-zone countries and prevent financial fragmentation within the currency bloc. Below are the details of the scheme. WHY IS IT NEEDED? The ECB’s rate hikes disproportionately raise borrowing costs … Read more

Greek wildfire rages near Athens; houses, hospital evacuated

ATHENS, July 19 (Reuters) – A Greek forest fire, fueled by gale-force winds, raged in the mountainous region of Penteli near Athens on Tuesday, prompting authorities to evacuate at least four areas and a hospital. Heavy clouds of smoke rose in the sky over Mount Penteli, where the fire broke out at 1430 GMT, some … Read more

ECB top shareholder Germany imposes conditions for aid to debt countries

Bundesbank president Joachim Nagel addresses a press conference after the G7 summit in Koenigswinter, near Bonn, Germany, May 20, 2022. REUTERS/Benjamin Westhoff/File Photo Register now for FREE unlimited access to Register Nagel warns against trying to set spreads Conditions his approval of any aid Bundesbank chief objected to decision on June 15 Bundesbank is … Read more