Greece Able to Call Its Own Tune

The euro crisis started in Greece, and it won’t be over until doubts over Greece’s prospects are erased. That this is still some way off was clear from Greece’s latest bailout review, the longest and most attritional yet. After seven months of haggling, the troika of official lenders—the European Commission, the European Central Bank and the International…

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Primary surplus may top €1bn

A senior Greek official told Reuters that 2013 primary surplus may exceed previous forecasts and top €1bn. Same source noted that “data from the general government, social security organisations and hospitals are good and this is why the surplus may exceed €1bn”. It is reminded that the latest official forecast (incl. in 2014 budget) calls…

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Dutch interest in the Cyprus natural gas

During a meeting in the Hague, the Cypriot Minister of Energy, Commerce, Industry and Tourism, Mr Yiorgos Lakkotrypis and the Minister of Economic Affairs of the Netherlands, Mr Henk Kamp, discussed a broad range of topics covering, inter alia, the natural gas discoveries in Cyprus’ Exclusive Economic Zone, issues relating to the EU gas market,…

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Stournaras: Νο deal with Troika by the end of January

Greek FinMin, Yiannis Stornaras admitted in a television  interview (www.skai.gr) that sealing an agreement with the troika by the end of January is rather challenging but suggested that Greece considers the delay favourable since it will be able to incorporate the positive December data. According to Kathimerini, the negotiations are likely to conclude in February…

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Info: EU – Egypt relations

The EU and Egypt established diplomatic relations in 1966 and are bound by the Association Agreement that came into force in 2004. The EU seeks to develop a close relationship with Egypt, its neighbour and a major partner in a strategic region. The agenda of EU-Egypt relations is set out in the EU-Egypt Action Plan…

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Merkel: “I don’t see debt haircut for Greece”

In an interview with FAZ on Saturday, German Chancellor Angela Merkel said, “I don’t see [another] debt haircut for Greece…and it always astounds me how carelessly this topic is discussed. Such a step could unleash uncertainty in other parts of Europe.” German Finance Minister Wolfgang Schäuble backed her position, insisting another debt write down “won’t…

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