US Treasury Secretary Jack Lew pressed Greek Finance Minister Euclid Tsakalotos to push for a swift conclusion to Greece’s current bailout review so talks can be launched on finally relieving some of the country’s debt burden. The sense in Washington is that there will be no decisions until after elections in Germany scheduled for the fall of 2017. Source Ekathimerini
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A new pipeline from Russia’s Arctic fields to Germany will boost Moscow’s share of the European gas market despite competition from Qatar and the United States, and will also mean much less fuel goes via Ukraine, Russian gas monopoly Gazprom said. Source Reuters
Retailers are filing for bankruptcy at a record rate as they try to cope with the rapid acceleration of online shopping. In a little over three months, 14 chains have announced they will seek court protection, according to an analysis by S&P Global Market Intelligence, almost surpassing all of 2016. Source Bloomberg
A Greek appeals court on April 25 rejected the extradition of three Turkish soldiers out of eight who requested asylum in the country after fleeing following Turkey’s failed July 2016 coup attempt, state-run Anadolu Agency has reported. Source Hurriyet Dailynews