Commissioner Olli Rehn cautioned that the reform process in is slowing down and that Greece must accelerate to meet important milestones under the fiscal adjustment program.

Parliament received the case file concerning “possible penal responsibilities of ministers /members of government, during the period from 17 November 2010, onward.” on the submarine case.

As Greece hands over the EU presidency to Italy, the country assumes the Black Sea Economic Cooperation Organization presidency from Bulgaria on July.

A ring using fake letters of credit worth 30 million euros for investments worth 70 million, in order to get financing worth 18 million, was uncovered by the deputy Development minister.