Europe needs to allow for bankruptcy within its borders and keeping Greece in the euro zone could be riskier than letting it go, the president of the influential Ifo Institute for Economic Research in Germany, Hans Werner-Sinn, told CNBC Monday.

An 18 year old was arrested this morning at the Kakavia border crossing station, on charges of involvement in armed conflicts and wars in foreign countries, as announced by the General Police Directorate of Albania.

The highly anticipated summit of the Clinton Foundation in Athens, under the initiative of Gianna Angelopoulos has been canceled, because Hillary Clinton is running for the Presidential nomination.