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Tag Archives: Greece

More sparring between Egypt and Turkey

The Egyptian Foreign Ministry has condemned derogatory remarks made by the Turkish foreign minister, days after a Turkish attempt to open a dialogue with Egypt was rejected by Cairo. The spokesperson of the Ministry of Foreign Affairs, Ahmed Hafez, denounced the foreign minister’s comments made in a conversation with a …

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EU threatens sanctions for Turkey East Med drilling

The EU on Friday urged Turkey to halt its drilling activities in contested waters in the Mediterranean and ordered EU officials to speed up work aimed at blacklisting some Turkish officials linked to the energy exploration. Tensions are mounting to breaking point between Turkey and Greece over Turkey’s drilling work …

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NATO to keep Greece, Turkey dispute spinning out of control

NATO is looking at ways to avoid accidental clashes in the Eastern Mediterranean while supporting German diplomatic efforts to defuse the worsening dispute over energy resources there, the alliance’s chief said on Thursday. NATO Secretary-General Jens Stoltenberg told Reuters the Western alliance was considering so-called deconfliction measures to prevent naval …

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Greece, Egypt trying to push Turkey out with EEZ

Egypt and Greece signed an agreement on Thursday designating an exclusive economic zone in the eastern Mediterranean‮‮ ‬‬between the two countries, an area containing promising oil and gas reserves, Egyptian Foreign Minister Sameh Shoukry said. Shoukry made the announcement at a joint press conference with his Greek counterpart Nikos Dendias …

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UAE Targets Turkey and Qatar in the Mediterranean

By James M. Dorsey     Europe is progressively being sucked into the Middle East and North Africa’s myriad conflicts. As if wars on its doorstep in Libya and Syria were not enough, UAE support for an Eastern Mediterranean pipeline that could hurt Qatar economically — combined with Greek, Cypriot …

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Israel, Cyrpus and Greece sign gas pipeline deal

Greece, Cyprus and Israel on Thursday are expected to sign a deal to build a 1,900 kilometer (1,180 mile) subsea pipeline to carry natural gas from the eastern Mediterranean’s rapidly developing gas industry to Europe. They aim to reach a final investment decision in 2022 and completion by 2025. European …

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Greeks still waiting for Godot despite end to bailouts

After years of stinging austerity measures, Greece emerged on Monday from its third and last bailout, although officials warn the country still has a “long way to go”. The European Union, the European Central Bank and the International Monetary Fund (IMF) loaned debt-wracked Greece a total of €289 billion ($330 …

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Death toll climbs as fires rage around Athens, Greece

Twin wildfires raging through popular seaside areas near the Greek capital have torched homes, cars and forests and killed at least 74 people, authorities said Tuesday, raising the death toll after rescue crews reported finding the bodies of more than 20 people huddled together near a beach. CBS News correspondent …

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UAE ambassador meets Greek businessmen

Mohammad Mir Abdullah Al Raisi, UAE Ambassador to Athens, met on Thursday with a group of Greek business leaders, representing different industrial and business sectors. During the meeting, Abdullah Al Raisi highlighted the opportunities offered by the UAE to investors and referred to the leadership’s vision for the UAE becoming …

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IMF boss urges ‘rainy day fund’ for Eurozone

International Monetary Fund (IMF) chief Christine Lagarde said Monday that Eurozone countries should set up a “rainy day fund” that could cushion members when they hit economic hard times. “For a relatively modest cost … a central fiscal capacity could reduce the negative effects on output by more than 50 …

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Senior EU Official: … I Think The EU Will Fall Apart

The Levant – – European Council President Donald Tusk, who chairs EU summits, on Friday called on the 28-country bloc’s leaders to stop shifting the responsibility onto others and to build a credible migration policy. Bitterly divided European leaders will seek to find a credible response to the worst migration …

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Jumblatt says Lebanon needs a leader like Greece’s Tsipras

THE LEVANT NEWS — BEIRUT: Praising the Greek people’s Sunday rejection of European creditors’ demands for more austerity in return for a loan, Lebanon’s Progressive Socialist Party leader Walid Jumblatt said his country could use someone like Greece’s premier to tackle its own economic problems. “Greece’s step is huge and …

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EU Hunts Formula to Keep Greece in Euro After Tsipras Win

By Rebecca Christie and Radoslav Tomek for Bloomberg – European finance ministers started work on reviving Greece’s troubled rescue program as new Prime Minister Alexis Tsipras took office promising to end austerity. Finance chiefs from the 19-nation euro area signaled their willingness to do a deal with Tsipras — so long …

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