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E.Tsiliopoulos

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One billion euro tranche secured, finally.

The good news is that Greece will receive its delayed July sub-tranche of 1 billion euros. The money is expected to be transferred to the Greek government's Debt account at the Bank of Greece no later than Friday.

Political troubles to the New Year

While Europe is trying to fathom the changes that a third term for Ms Merkel will bring and how it will affect the future of the block, Greece is mired in its own political problems and the gazes of its political personnel are fixed on its proverbial navel, while political legitimacy is in tatters.