Groups ask for funding at beep budget hearing Queens Borough President Melinda Katz held the annual budget hearing last week at Borough Hall, where over 152 organizations testified and asked for financial assistance. The budget is negotiated b...
Scenes from the 2014 Lunar New Year Parade The Flushing Lunar New Year Parade was held on Saturday, February 8. Thousands lined the streets to watch the colorful event and welcome the Year of the Horse. (All Photos: Michael O'Kane)
PARIS/ATHENS (Reuters) - Greek finance minister Yanis Varoufakis will meet with his French counterpart Michel Sapin in Paris on Sunday, the French finance ministry said on Saturday. Late on Friday, a source close to the French president's office told Reuters that President Francois Hollande and German Chancellor Angela Merkel "agreed that it is important to respect the choices of the Greek people and for Greece to respect its commitments" to the holders of its debt. "There is a need for dialogue and exchange to better understand the intentions of the Greek government," the source said after Hollande and Merkel met over dinner in the French city of Strasbourg. The new Greek government wants to renegotiate the country's debt and end the austerity measures that it says its EU partners have imposed on Greece.
Greece will look after investors' interests and wants to bring in new foreign investment, Finance Minister Yanis Varoufakis told a newspaper on Saturday after a turbulent week in which the new government halted a series of privatisations. "Our commitment to investors who have invested in the country's productive network will remain untouched and not only that, but we also aim to attract new, immediate investment from abroad through transparent procedures which will safeguard our mutual interests," he told the weekly Agora newspaper. Doubts about foreign investment in Greece were fuelled by the new leftwing government's decision to halt privatisation projects including the sale of the country's biggest port and to review its options on a Canadian-run goldmine, one of Greece's biggest foreign investments.