EU countries approve €7bn short-term loan to Greece
An EU and a Greek flag in front of the ancient temple of Parthenon
Brussels - AFP
The European Union formally approved a short-term loan of 7.16 billion euros to Greece on Friday, while offering guarantees to non-euro nations that their taxpayers would not be at risk, the EU Commissioner for the euro said on Friday.
"We have an agreement on bridge financing.... This agreement is backed by the 28 member states," Valdis Dombrovskis told reporters, adding that the bridge loan would allow Greece to meet a huge payment to the European Central Bank on Monday.
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Paris - Emiratesvoice
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Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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