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  1. PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks
    Photo by MacroPolis

    EconomyMacroeconomy

    Following the positive developments in the first quarter of the year, when the economy only shrank by 2.3 pct on an annual basis, in its latest quarterly report the Parliamentary Budget Office shifted from its previous baseline scenario of annual growth...

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  2. UnLuCky for some: Another painful lesson from the euro crisis
    Photo by Harry van Versendaal

    Agora

    on Greece’s programme, which envisages pain being needed so there can be salvation, you... that pain and economic devastation for essentially no “competitiveness gain.” Since the improvement

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  3. Territorial waters, hydrocarbon research cause friction between Athens and Ankara
    Photo via www.nato.int

    PoliticsForeign Policy

    to try to convince them that Greece is set to snatch 40,000 square kilometres from Libya's continental shelf. Akar also claimed that Turkey and Libya almost have neighbouring sea borders (EEZ or continental shelf). The signs are that Turkey is seeking a more active role in Libya. Akar's statements

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  4. Turkey's move in Mediterranean puts Mitsotakis under pressure domestically
    Photo via NATO: https://flic.kr/p/23BLDJT

    PoliticsGreek Politics

    with Libya last week to delineate maritime borders in the Mediterranean. Athens has labelled the deal “illegal,” arguing that Libya’s prime minister does not have the legal authority to sign such agreements... and creation of EEZs. Greece has also threatened to expel Libya’s ambassador in Athens. Mitsotakis has had

    6%

  5. Athens poised to take next steps on maritime borders
    Photo by MacroPolis

    PoliticsForeign Policy

    deposits by US ExxonMobil southwest of Crete provoked the reaction of Libya’s GNA government... and the Exclusive Economic Zone when there is a relevant agreement with Libya. The same diplomatic.... The same sources believe that this move could lead Greece and Libya to refer their dispute to the ICJ

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  6. Athens pleased about new EU-Egypt deal, seeks closer ties with Cairo

    PoliticsForeign Policy

    with flows to the Italian and Greek (from Libya to Crete) coasts. Europe is offering a "strategic... urgently needs Egypt to control migration flows from its borders with Libya and, secondly, to improve its... not control the border with Libya, from where Sudanese refugees and Egyptian migrants cross

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  7. Athens insists maritime spatial planning plans do not obstruct talks with Turkey
    Photo by MacroPolis

    PoliticsForeign Policy

    treaty with Libya in November 2019 was rejected by Greece as unlawful as the two countries... in which the main prize was Libya, and its vast oil resources. Turkey protests that it is being hemmed... of Greece with which it has not signed an EEZ agreement namely, Libya but also Albania. For the latter

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  8. ND doubles down on stricter migration policy, riling opponents
    Photo by MacroPolis

    PoliticsGreek Politics

    of migrants reaching the country from Libya. The measures include a three-month suspension... with Libya are troubled and the EU’s attempt to build ties with General Khalifa Haftar, the military leader of eastern Libya, ended in failure this week. It is expected in Athens that another effort

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  9. Greece, Cyprus and Israel bolster trilateral ties as Turkey looms in background

    PoliticsForeign Policy

    involving Cyprus. Libya also signalled readiness for dialogue. Aguila Saleh, speaker of Libya’s House... disputes stemming from the Turkey-Libya maritime memorandum signed in 2019, which Athens deems illegal

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  10. IMF downgrades Greek GDP and unemployment forecasts
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    year on year compared to IMF’s estimate for a growth of 0.7 percent. The European Commission (EC... of Greece (BoG) has a slightly lower estimate of 2.5 percent, while the OECD foresees a much slower growth.... For 2018, the IMF expects GDP growth to accelerate to 2.7 percent, while its medium-term estimate

    6%