Regling: Surplus reductions not before 2021 and under specific conditions
The only way possible for a discussion on possible reductions in primary surpluses to commence after 2020, according to head of ESM Klaus Regling, is for higher growth to be achieved, alongside lower lending rates than those projected by the current Greek debt analysis. When asked about IMF's take that the surpluses imposed on Greece are excessive, he himself hinched for the first time ever the possibility of a discussion on the subject, though he set strict conditions that could also affect the new government’s policies. The previous government’s plan It is recalled that last April, then Prime Minister Alexis Tsipras and Finance Minister Euclid...
Geoffrey R. Pyatt: Alexandroupolis’ role in European energy security is pivotal
The US ambassador in Greece, Geoffrey R. Pyatt, on the occasion of today’s visit to the city in order to observe the progress of removing the sunken dredger “OLGA”, described the port of Alexandroupolis as a “critical hub for European energy security and economic development”. "I am very happy to find myself in Alexandroupolis once again and to be able to highlight our relationship with the city, as well as the opportunities created by the port’s privatization in the future", the US official stated, expressing hope that the privatization "would be implemented in a way that would allure the US companies to participate in the...
Anastasiades receives letter from Lute
She expresses her “gratitude for the confirmation of a continuing personal commitment” by the Cypriot President By Michalis Michael The President of Cyprus, Mr. Nicos Anastasiades, received today a letter from the UN Secretary General's Special Adviser for the Cyprus issue, Miss Jane Holl Lute. In her letter, Miss Lute points out that the consultations she had during her recent visit have allowed for serious steps to be taken, and this way a creative prospect for continuity has opened up. It is important that the Special Adviser states that she is "grateful for the confirmation of the continuing personal commitment" by the President in his...
Staikouras heads to first Eurogroup meeting as Finance Minister
Greek Finance Minister Christos Staikouras will attend a Eurogroup meeting on Friday, on the back of an announcement of a fresh stimulus package by the European Central Bank (ECB) on Thursday. With the eurozone economy at risk of slowing down, ECB chief Mario Draghi announced an interest rate cut and plans to pump 20 billion euros a month into the financial markets. In what is seen as a boost to Athens’ efforts to convince Eurozone partners of the need for a smaller annual primary surplus, Draghi said Eurozone governments must take greater steps to promote growth by increasing public spending or cutting taxes. Staikouras will...
Romania: Dancila tries to avoid the vote of confidence
In an attempt to avoid the vote of confidence that Romanian Prime Minister Vorica Dancila has to seek as the constitution stipulates when the government's political composition changes, she chose three ALDE executives for her government. Citing the need for stability, Viorica Dancila elected three members of the ALDE Liberal Democratic Party as heads of a number of ministries that remained headless after the ALDE's decision to step down from the government. In doing so, she seeks to avoid the vote of confidence as stipulated in the Constitution. ALDE President Calin Popescu-Tăriceanu said the three politicians would be expelled from his party and accused the...
Confrontations begin right away regarding Development Bill
The so-called development bill has become a debate arena between the government and the main opposition, due to the provisions that provide for significant changes in labor legislation to be implemented. Government officials speak of a "breakthrough" in Greece's development policy. The bill, which underwent a six-day consultation, provides, according to government sources, more flexibility in investments  considered strategies which will allow for the prompt authorization of sweeping interventions, that cultivate the ground and a friendly environment to attract new investment opportunities, and presumably good jobs positions”. Attraction and facilitation of investments, business parks, digital map and infrastructure register are also included in this bill....
Marković: Visegrad Group and Western Balkan countries had excellent meeting
Montenegro Prime Minister Duško Marković said on Thursday that the Summit of the Prime Ministers of the Visegrad Group and the Western Balkans, which earlier that day took place in Prague, was successful, that the main topic was the EU enlargement policy, and that the Czech Republic, Hungary, Poland and Slovakia fully support the enlargement policy of the European Union and will advocate it in the European Commission. "We had an excellent meeting. The dialogue is part of the initiative of the Visegrad Group and the Czech Presidency regarding the dialogue with the Western Balkans, which primarily concerns enlargement policy but also other issues such...
Unemployment in Greece stands at 16.9%
Signs of improvement in the Greek economy are increasingly multiplying. According to the latest data from the Hellenic Statistical Authority, the unemployment rate in the country in the second quarter of this year was 16.9%, significantly lower than in the first and second quarter last year, (19.2% and 19% respectively). According to the ELSTAT workforce survey, the number of unemployed reached 805,047 and their number decreased by 11.2% compared to the previous quarter and by 11.1% compared to the same quarter last year. However, about 570,000 people (70.8% of the unemployed) are long-term unemployed as they have been seeking work for more than a year....
EU nationals apply for post-Brexit “settled status” in the UK
Almost 1.34 million EU citizens living in the UK have applied to the EU Settlement Scheme which recognises them as “settled” citizens, thus granting them permanent residence in the country after Brexit. 1,15 million of them have had their applications approved. The latest official statistics by the Home Office cover up to the end of August. Most applications (240,000) have been submitted by Polish nationals, who make up the most populous foreign ethnic community in the UK. Romanians come in second with 187,600 applications. Nationals of Bulgaria have also applied in large numbers , namely 70,600 of them, and they rank 6th in the relevant...
TAP Pipeline: The land Returns to its owners in Greece, Albania and Italy
The land reclamation process in Albania, Greece and Italy has already taken place or is currently nearing 97% of the total TAP gas pipeline route, according to a joint venture managing the project. TAP had to bind the land along the pipeline route in order to allow the pipeline and associated infrastructure to be constructed and operated. This process, known as the Land Acquisition (LEA) process, is conducted in accordance with the European Bank for Reconstruction and Development (EBRD) international standards. The project affects approximately 22,590 plots of land: 10,300 in Greece, 12,100 in Albania and 190 in Italy. In total, about 45,000 land owners...