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Turkey strengthens East Med claims as Greece, Cyprus seek EU support
PoliticsForeign Policythat "entitlement and delimitation are not the same thing. Islands may get zero or reduced EEZ/CS... to keep up the pressure on the EU during the next council meetings in May and June for a more robust... the EU would be willing to consider. Greek and Cypriot diplomats are also concerned that Turkey may
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Newsletter 206 -17/05/2019
further and suggested that if the economy performs well, there may be room for further measures towards... ahead of the May 26 European and local elections as it tries to drive home its message... and will only work in favour of the elite. He will find out next Sunday, May 26, whether
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Athens warned about missing fiscal targets rather than changing them unilaterally
EconomyProgrammeKlaus Regling that Greece may miss its primary surplus target this year as a result of the so-called... the lenders that the expansionary measures adopted by the Greek government may lead to this year’s..., though, that Athens may run into problems in its efforts to secure approval from the national
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Retails sales up by 5.1 pct in Mar after three-month slump
EconomyMacroeconomyvolume edged up by 3.9 percent to 104.2. The latest business indicators for May released by the European... confidence in May improved further by 1.4 points month-on-month and came to -29.5, the best reading this year. Compared to May 2018, consumer confidence has improved impressively by 19.1 points.
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Industrial production drops by 0.8 pct in Apr
EconomyMacroeconomyin May from 56.6 points in April. Manufacturing firms indicated a strong expansion in new business in May, Markit said. Export orders continued to increase for a twentieth consecutive month. As inflation eased in May, the rate of increase in output costs softened to the lowest since July 2016.
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Concern mounts in Athens regarding Turkish stance in Aegean, East Med
PoliticsForeign PolicyFatih launched its offshore drilling operations on May 3 in an area located around 41 nautical... continental shelf. There is also concern that during the run-up to the elections, Turkey may try to take.... This is considered a risky move since the ICJ may end up with a compromise that does not suit Greece.
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Industrial turnover rises by 13.4 pct in April
EconomyMacroeconomy) and wearing apparel (-4 percent). In other indicators, the PMI index for May came to 54.2 points... business in May, Markit said. Export orders continued to increase for a twentieth consecutive month. In addition, the May industry confidence indicator published by the European Commission showed
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As East Med tension remains, Athens also keeps eye on Turkish actions in Aegean
Foreign PolicyGreek Politicsthat Ankara may soon challenge Greece’s sovereign rights around the Eastern Aegean island of Kastellorizo is high. This may explain why Prime Minister Alexis Tsipras raised the issue himself. Opposition..., hinting that SYRIZA may be doing this to gain political capital. The Greek premier has engaged in a war
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Budget primary surplus at 382 mln in June
EconomyMacroeconomyto a deficit of 534 million euros, almost unchanged from a monthly deficit of 547 million noted in May... euros. In May, gross revenues were higher at 4.79 billion. On an aggregate basis, gross revenues.... Expenditure Primary expenditure rose to 3.49 billion in June, dropping against May’s figure of 4.50
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Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
EconomyMacroeconomyto 8.61 billion versus 8.07 billion in May, completing six consecutive months under the 10-billion... government securities expiring as the country left its final bailout programme. As with May, ECB... rose by 186.4 million euros in June after a smaller rise of 45.4 million in May. June’s increase
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