Billions in Damages from Greece's Record Floods

Thessaly — a major farming center for thousands of years — accounts for about 5% of national economic output, and a much larger proportion of agricultural produce, although much of that is now cotton and tobacco. - AP
Thessaly — a major farming center for thousands of years — accounts for about 5% of national economic output, and a much larger proportion of agricultural produce, although much of that is now cotton and tobacco. - AP
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Billions in Damages from Greece's Record Floods

Thessaly — a major farming center for thousands of years — accounts for about 5% of national economic output, and a much larger proportion of agricultural produce, although much of that is now cotton and tobacco. - AP
Thessaly — a major farming center for thousands of years — accounts for about 5% of national economic output, and a much larger proportion of agricultural produce, although much of that is now cotton and tobacco. - AP

The apples were almost ripe for harvesting when the worst storms in more than a century struck Greece's breadbasket in Thessaly.

Now, farmers on the forested slopes of Mount Pilion, which overlooks the plain of Thessaly, say they face millions of euros in damage from the flooding that began earlier this month. They will be lucky to salvage a third of their crop — and that will only happen if wrecked road access to their orchards is patched up in time.

As bad as the damage suffered by the Pilion farmers was, their peers in the plain were hit by even greater devastation from last week's disastrous floods that left 16 people dead, days after wildfires killed 20 people in northeastern Greece.

The storms flooded 720 square kilometers (280 square miles), mostly prime farmland, totally destroying crops. They also swamped hundreds of buildings, broke the country's railway backbone, savaged rural roads and bridges and killed tens of thousands of livestock.

Thessaly — a major farming center for thousands of years — accounts for about 5% of national economic output, and a much larger proportion of agricultural produce, although much of that is now cotton and tobacco.

Some areas remained under threat of flooding Friday, with some lakeside dwellers warned to prepare for evacuation if needed, The AP reported.

Greece, which has returned to fiscal health after an eight-year financial crisis that shook global markets, is now assessing the staggering cost of the flooding.

Finance Minister Kostis Hatzidakis said the precise sum remains elusive.

“But ... we’re talking in the billions (of euros),” he told private Antenna TV, adding that the center-right government is drafting a supplementary state budget of about 600 million euros ($638 million) for this year's immediate funding needs.

Prime Minister Kyriakos Mitsotakis was expected to outline further details during a keynote economic policy speech on Saturday.

The natural disaster came amid a cost-of-living crisis triggered by Russia's war in Ukraine which, on the back of the COVID-19 pandemic, inflated state social spending through an array of subsidies.

Hatzidakis warned that this might now be curtailed. The government is adamant that it must meet its savings targets to prove that Greece has forever rejected its former profligacy, and pending an eagerly anticipated new credit upgrade that would boost foreign investment and cut borrowing costs.

“If we send the message that in Greece we are again becoming lax and adopting wrong practices of the past, we will relapse," Hatzidakis said. "After so many sacrifices over so many years, and the progress in recent years, (that) would be an enormous shame.”

Officials are confident that the savings target will be met, and the European Union, which has also pledged flood relief funds, has said this emergency spending won't be subject to Greece's budget constraints dating from the 2010-2018 financial crisis.

The government says EU assistance will contribute to urgent infrastructure repairs in Thessaly, starting with the wrecked railway line.

Nikos Tachiaos, a deputy minister for infrastructure, said the damage is “enormous,” particularly to the railway, where a 50-kilometer (80-mile) stretch of the only line carrying goods and passengers between southern and northern Greece has been largely destroyed.

He said it could take up to two months to get just one track partially functioning.

“But the full rebuilding of the railway network will take a long time ... and a lot of money,” Tachiaos told state-run ERT television.

A flooded section of the main north-south highway partially reopened late Friday, while efforts were underway to restore drinking water to Volos, a town of about 85,000 in the shadow of Pilion.

The government has also promised speedy compensation to thousands of people whose houses were flooded and who lost livestock and farm machinery. The loss of nearly 90,000 sheep, goats, pigs and cows has been registered so far, along with more than 120,000 poultry.

In the village of Zagora on Pilion, farming union leader Thodoris Georgadakis urged authorities to mend the unpassable roads leading to local orchards where apples await harvesting.

“The cost of the storms could exceed 10 million euros ($10.7 million) for apple farmers alone,” he told The AP. “We expect this harvest to reach 6,500 tons, down from 22,000 on a normal year. That's only if the roads are mended soon.”

The damage to crops could also push up already inflated food prices across Greece, with double-digit increases already reported in some areas. Fears have also been expressed that flooded fields will be unusable for years, though Greece's agriculture ministry has sought to play down that concern.

A ministry statement Friday warned that authorities would crack down on profiteering, adding that Thessaly grows only 7.5% of the country's total fresh fruit and vegetables, “and very little of that has been affected.”

In southern Pilion, Mayor Michael Mitzikos worries about the effect on the important tourist industry, especially in battered seaside villages from which visitors had to be evacuated by sea after their road access was destroyed.

Mitzikos said the cost was “incalculable.”

“There are the tourists who fled their rented rooms and hotels (amid the floods) and also all those who canceled,” he said. “The season in these coastal areas normally extends into early November."



Iranian Traders and Shopkeepers Protest as Currency Hits Record Low

 People shop at Tajrish Bazaar in the Iranian capital Tehran on December 29, 2025. (AFP)
People shop at Tajrish Bazaar in the Iranian capital Tehran on December 29, 2025. (AFP)
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Iranian Traders and Shopkeepers Protest as Currency Hits Record Low

 People shop at Tajrish Bazaar in the Iranian capital Tehran on December 29, 2025. (AFP)
People shop at Tajrish Bazaar in the Iranian capital Tehran on December 29, 2025. (AFP)

Iranian traders and shopkeepers staged a second day of protests Monday after the country’s currency plummeted to a new record low against the US dollar.

Videos on social media showed hundreds taking part in rallies in Saadi Street in downtown Tehran, as well as in the Shush neighborhood near Tehran's main Grand Bazaar, which played a crucial role in the 1979 revolution that ousted the monarchy and brought clerics to power.

Witnesses told The Associated Press that traders shut their shops and asked others to do the same. The semiofficial ILNA news agency said many businesses and merchants stopped trading even though some kept their shops open.

There was no reports of police raids though security was tight at the protests, according to witnesses.

On Sunday, protest gatherings were limited to two major mobile market in downtown Tehran, where the demonstrators chanted anti-government slogans.

Iran's rial on Sunday plunged to 1.42 million to the dollar. On Monday, it traded at 1.38 million rials to the dollar.

The rapid depreciation is compounding inflationary pressure, pushing up prices of food and other daily necessities and further straining household budgets, a trend that could worsen by a gasoline price change introduced in recent days.

According to the state statistics center, inflation rate in December rose to 42.2% from the same period last year, and is 1.8% higher than in November. Foodstuff prices rose 72% and health and medical items were up 50% from December last year, according to the statistics center. Many critics see the rate a sign of an approaching hyperinflation.

Reports in official Iranian media said that the government plans to increase taxes in the Iranian new year that begins March 21 have caused more concern.

Iran’s currency was trading at 32,000 rials to the dollar at the time of the 2015 nuclear accord that lifted international sanctions in exchange for tight controls on Iran’s nuclear program. That deal unraveled after US President Donald Trump unilaterally withdrew the United States from it in 2018.

There is also uncertainty over the risk of renewed conflict following June’s 12-day war involving Iran and Israel. Many Iranians also fear the possibility of a broader confrontation that could draw in the United States, adding to market anxiety.

In September, the United Nations reimposed nuclear-related sanctions on Iran through what diplomats described as the “snapback” mechanism. Those measures once again froze Iranian assets abroad, halted arms transactions with Tehran and imposed penalties tied to Iran’s ballistic missile program.


Israel’s Supreme Court Suspends Govt Move to Shut Army Radio

Israeli troops during a military operation in the Palestinian village of Qabatiya, near the West Bank city of Jenin, 27 December 2025. (EPA)
Israeli troops during a military operation in the Palestinian village of Qabatiya, near the West Bank city of Jenin, 27 December 2025. (EPA)
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Israel’s Supreme Court Suspends Govt Move to Shut Army Radio

Israeli troops during a military operation in the Palestinian village of Qabatiya, near the West Bank city of Jenin, 27 December 2025. (EPA)
Israeli troops during a military operation in the Palestinian village of Qabatiya, near the West Bank city of Jenin, 27 December 2025. (EPA)

Israel's Supreme Court has issued an interim order suspending a government decision to shut down Galei Tsahal, the country's decades-old and widely listened-to military radio station.

In a ruling issued late Sunday, Supreme Court President Isaac Amit said the suspension was partly because the government "did not provide a clear commitment not to take irreversible steps before the court reaches a final decision".

He added that Attorney General Gali Baharav-Miara supported the suspension.

The cabinet last week approved the closure of Galei Tsahal, with the shutdown scheduled to take effect before March 1, 2026.

Founded in 1950, Galei Tsahal is widely known for its flagship news programs and has long been followed by both domestic and foreign correspondents.

A government audience survey ranks it as Israel's third most listened-to radio station, with a market share of 17.7 percent.

Prime Minister Benjamin Netanyahu had urged ministers to back the closure, saying there had been repeated proposals over the years to remove the station from the military, abolish it or privatize it.

But Baharav-Miara, who also serves as the government's legal adviser and is facing dismissal proceedings initiated by the premier, has warned that closing the station raised "concerns about possible political interference in public broadcasting".

She added that it "poses questions regarding an infringement on freedom of expression and of the press".

Defense Minister Israel Katz said last week that Galei Tsahal broadcasts "political and divisive content" that does not align with military values.

He said soldiers, civilians and bereaved families had complained that the station did not represent them and undermined morale and the war effort.

Katz also argued that a military-run radio station serving the general public is an anomaly in democratic countries.

Opposition leader Yair Lapid had condemned the closure decision, calling it part of the government's effort to suppress freedom of expression ahead of elections.

Israel is due to hold parliamentary elections in 2026, and Netanyahu has said he will seek another term as prime minister.


Thai Army Accuses Cambodia of Violating Truce with over 250 Drones

Displaced residents rest in a bunker in Thailand's Surin province on December 11, 2025, amid clashes along the Thai-Cambodia border. (AFP)
Displaced residents rest in a bunker in Thailand's Surin province on December 11, 2025, amid clashes along the Thai-Cambodia border. (AFP)
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Thai Army Accuses Cambodia of Violating Truce with over 250 Drones

Displaced residents rest in a bunker in Thailand's Surin province on December 11, 2025, amid clashes along the Thai-Cambodia border. (AFP)
Displaced residents rest in a bunker in Thailand's Surin province on December 11, 2025, amid clashes along the Thai-Cambodia border. (AFP)

Thailand's army on Monday accused Cambodia of violating a newly signed ceasefire agreement, reached after weeks of deadly border clashes, by flying more than 250 drones over its territory.

The Thai army said "more than 250 unmanned aerial vehicles (UAVs) were detected flying from the Cambodian side, intruding into Thailand's sovereign territory" on Sunday night, according to a statement.

"Such actions constitute provocation and a violation of measures aimed at reducing tensions, which are inconsistent with the Joint Statement agreed" during a bilateral border committee meeting on Saturday, it added.

Cambodian Foreign Minister Prak Sokhonn said in remarks aired on state television on Monday that the two sides had discussed the incident and agreed to investigate and "resolve it immediately".

Prak Sokhonn described it as "a small issue related to flying drones seen by both sides along the border line".

Thailand and Cambodia agreed to the "immediate" ceasefire on Saturday, pledging to end renewed border clashes that killed dozens of people and displaced more than a million this month.

The reignited fighting spread to nearly every border province on both sides, shattering an earlier truce for which US President Donald Trump took credit.

Under the agreement signed on Saturday, the Southeast Asian neighbors agreed to cease fire, freeze troop movements and cooperate on demining efforts and combatting cybercrime.