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Reflections on Greece's balance of payments
Agora: consumption (C), investment (I), exports (X), and imports (M). Thus, when demand is equal to supply: Y = C + I + X - M. X - M describes the exports to abroad of what Greece produces in goods... domestically (including energy such as crude oil and natural gas). The balance X - M is called the “foreign
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Athens turns attention to Libya, advocates EastMed energy cooperation
PoliticsForeign Policyis putting a lot of emphasis on Libya’s future. In this context, Mitsotakis is planning to visit Paris on November 12 to participate in a conference on Libya, organised by French President Emmanuel Macron. Libya’s future has been one of the crucial issues that both men discussed during their latest meeting
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Excluded from Libya talks, Athens vows to block decisions that ignore sea border concerns
PoliticsForeign Policyat bringing an end to the longstanding conflict in Libya. Following Moscow’s recent unsuccessful efforts... the possibility of the memorandum on sea borders between Ankara and UN backed government in Libya going... that he could veto all European decisions related to Libya if they do not annul the sea borders
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Athens moves on after Berlin Conference absence, seeks more active role in Libya developments
PoliticsForeign Policyin the Berlin talks. In order to help tackle the crisis in Libya, EU foreign ministers want to revive.... Foreign Minister Nikos Dendias hailed the outcome of Sunday’s conference on the Libya crisis..., assured him that the bloc’s position on the Turkey-Libya agreements “remains the same
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Turkey's new Libya MoU prompts swift reaction from Athens, which mulls further moves
PoliticsForeign Policyby Ankara. Last Monday, much to Greek frustration, Turkey and Libya signed a memorandum of understanding... and Abdul Hamid Dbeibah, the leader of one of two competing governments in divided Libya. He said... they infringed on Greek waters. “Turkey is seeking to take advantage of the turbulent situation in Libya
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Industrial turnover growth slows to 2.2 pct YoY in Jan with modest manufacturing gains
EconomyMacroeconomyGreece’s industrial turnover growth slowed in January, rising by 2.2 percent year-on-year (YoY), from a 5.7 percent increase in December, according to data released by the Hellenic Statistical... reports of less robust domestic demand. Meanwhile, from the European Commission’s business indicators
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OECD sees sustained growth of 2.2 pct in 2026, challenges persisting
EconomyMacroeconomypct this year, at 2.2 pct in 2026, and 1.8 pct in 2027 as strong investment gradually moderates... consumption will stay robust due to continued employment gains and rising real wages. RRF-funded spending
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Retail sales rise by 2.2 pct in December, average growth of 1.7 pct in 2017
EconomyMacroeconomyGreece’s retail sales rose by 2.2 percent year-on-year in December after November’s upwardly.... December’s growth of 2.2 percent compared to December 2016 indicates a slight underperformance..., with an average preliminary rise in retail turnover of 1.7 percent, that estimate appears to have been
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Ankara springs surprise on Athens with Libya maritime deal
PoliticsForeign PolicyJurisdictions Memorandum with Libya. The MoU was signed after Turkish President Recep Tayyip Erdogan held.... Additionally, Libya and Ankara argue that they have common sea borders, ignoring the island of Crete... the Turkish coastline of Marmaris-Fethiye-Kas and Libya’s coastline of Derna–Tobruk–Bordia. Whatever the deal
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Athens strives to build opposition to Turkey-Libya deal as France pledges support in East Med
PoliticsForeign Policyactivities in Libya and the broader Eastern Mediterranean. With this in mind, Foreign Minister Nikos... stance regarding the situation in Libya. On the one hand, Greece supports a political solution..., as a neighbouring country of Libya directly affected by developments there, and as a factor for stability
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