How much did the banks’ bail out cost Greece
A new report by the International Monetary Fund executives released yesterday reveals shocking data, as they confirm that Greece paid the highest price compared to any other country, in order to stabilize its banking sector during the global economic crisis. In a report titled "The Long Shadow of the Global Financial Crisis: Public Financial Intervention”, the two authors attempted for the first time ever to fully record what cost the national governments to support their banks during the decade 2007-2017. The cost was almost half of GDP The total cost of bank aids reached 46.3% of GDP in 2017, which was estimated at EUR 83...
Turkey projects a total of 26 “active” drillings by 2023
Ankara is carefully scrutinizing its new energy roadmap, primarily aimed at curbing imports of wealth while simultaneously reducing the country's dependence on it and increasing domestic production by investing in its own "forces", that is domestic production across the whole field of energy. At the same time, according to sources that have come to light, it is expected that special attention will also be paid to the field of mining, which is why the Turkish government is expected to examine in detail the activity of each mine across the country, while upgrading the framework governing the operation of the mining industry and thus looking forward...
Montenegro MPs against the Law on Life Partnership of the Same-Sex Persons
The Social Democratic Party (SDP), the Bosniak Party (BS) the Albanians Decisively coalition, the Croatian Civic Initiative (HGI) and all independent MPs have failed the exam and jeopardized the European bid of the country, said the president of the NGO Queer Montenegro Steering Committee Danijel Kalezić. The Parliament of Montenegro did not pass on Wednesday the Law on Life Partnership of the Same-Sex Persons since the necessary majority was not achieved. Out of 81 the MPs, 38 voted in favor of the law, while four MPs were against it. The Bill on Same-Sex Life Partnerships in Montenegro would enable those persons to enjoy the same...
Soylu: “If we opened the Izmir route 30,000 refugees would escape in a single day”
Turkey's Interior Minister Suleyman Soylu has once again argued that the EU does not comply with the agreement on the refugee issue. He threatened the EU, saying that "if we opened Izmir today, 30 to 35 thousand people would cross. Let's see what would happen if we opened Izmir. I'm not threatening Europe, I’m just saying", he said! He also claimed that after the coup attempt on July 15, 2016, 8000 Gulenists (FETO) fled to Greece. Turkey argues that members of FETO are behind the coup attempt against the Turkish president./ibna
Špirić: BiH faced with two devastating problems
Alliance of the Independent Social Democrats (SNSD) deputy president, Nikola Špirić, said on Friday that two strong processes - migrations and emigration, which were enormously devastating for the economy, hit Bosnia and Herzegovina but the BiH Council of Ministers, the institution which supposed to suggest solutions for both problems, is not interested to take action. BiH faces an increase of Middle East migrants who are trying to reach EU countries. On the other side, the country has a problem with an increasing number of local workers who are trying to emigrate and find a better future in EU countries. In an interview for local media,...
Ilinden feast in Νorth Macedonia, state leaders call for unity
The Prime Minister of North Macedonia, Zoran Zaev, today called for the unification of all peoples in the country. In his speech on Ilinden Day - known as the 1903 revolutionary uprising against Ottoman rule - Zaev said that unity should serve the future, not the past. -We continue to nurture the concept of a community society, as a legacy of a Manifesto that invites neighbors and friends for a better life - Zaev emphasized. He added that it was the patriotic duty of Macedonians, Albanians, Turks, Serbs, Vlachs, Bosniaks and Roma to unite and reconcile at the internal level. On the occasion of the...
President Thaci ask PAN coalition to nominate a candidate for head of Government
Kosovo President Hashim Thaci in a letter sent to Kadri Veseli, chairman of the Democratic Party of Kosovo (PDK) leading party in the ruling coalition, said that as a winning coalition in 2017 election, they have the right to propose a candidate on forming the Government of Kosovo. Thaci in his letter said that he took the initiative, based on his Constitutional obligations, after Ramush Haradinaj resignation as a Prime Minister on 19 July. The Self-Determination Movement and other opposition parties have requested from president to start consultaion for new parliamentary elections. Shemsi Syla from the Vetevendosje Movement has said they are against the President's...
Kosovo without functional government, President Thaçi is dragging out the process
Two weeks after the resignation of Prime Minister Ramush Haradinaj, Kosovo's president, Hashim Thaci, has not yet begun consultations with major political parties on setting a date for new parliamentary elections. While the country remains without a functioning government, President Hashim Thaci is continuing to drag the election work. He has so far met with representatives of the Turkish Democratic Party of Kosovo (KDTP) and those of the VAKAT entity from Parliamentary Group 6 plus and Roma, Ashkali and Egyptian parties, but there are no announcements when he may meet other representatives of political parties. They were not even invited. Political parties, on the other...
Hukusi Akar: Attempts to mitigate and deflect Turkish guarantees in Cyprus are futile
Turkey, as in the past, will continue to be the biggest support for Turkish Cypriots today By Michalis Michael There is no point in trying to mitigate and deflect Turkey's guarantees in Cyprus, according to Turkish Defense Minister Hulusi Akar, adding that "it is a futile effort". On the eastern Mediterranean, the Turkish Minister said that "Turkey has shown over the last ten years that it is very determined and plan-driven and aware", adding that "it will be beneficial for all parties to realize this as soon as possible and to review their activities based on that”. The Turkish Minister said that "Turkey and the...
Trans-Balkan “combat” for the new EU Energy Commissioner
Five EU Member States appear, according to sources, are claiming the position of the new EU Commissioner that will take over the Energy portfolio, having expressed their interest on the subject. Therefore, Romania, Poland, Slovenia, Estonia and Lithuania with Luminita Odobescu, Krzysztof Szczerski, Janez Lenarčič, Kadri Simson and Virginijus Sinkevicius, Linas Linkevicius or Saulius Skvernelis representing them respectively are expected to cross swords or engage in appropriate negotiations, in order for the desired result to be achieved. Miss Luminita Odobescu is currently representing her country as an EU ambassador, as is the case with Mr Janez Lenarčič. Mr Krzysztof Szczerski is head of the office...