Yesterday’s News Wrap-up includes the following:
Greece’s Eurobank is set to increase its stake in the Hellenic Bank of Cyprus to 68.81 % from 55.962% following an agreement with employee associations, while also acquiring 8.58% of Demetra Holdings, a major shareholder of the Cypriot financial institution, which owns a 21.3% stake.
The Greek foreign minister, in an interview with Hurriyet, emphasized the importance of peaceful coexistence and economic cooperation between Greece and Turkey, clarifying that the delimitation of the continental shelf and Exclusive Economic Zone (EEZ) is the sole issue between the two nations, one that could be resolved through international jurisdiction.
Greek Prime Minister Kyriakos Mitsotakis had a brief informal encounter with the President of the Republic of Cyprus, Nikos Christodoulides, the President of Turkey, Recep Tayyip Erdoğan, and the Prime Minister of Albania, Edi Rama, on the sidelines of the European Political Community Summit in Budapest.
While economic indicators such as investments, GDP growth, etc. show the Greek economy is on the path to a stable recovery, figures the Greek government often cites as proof its policies are effective, the average Greek citizen appears to be struggling to get by, a bleak reality Eurostat confirms in its latest report on the annual salary disparity between Greeks and other EU member states.
As part of ongoing efforts to address an increase in reported cases of violence among youths, Greece’s Citizen Protection Minister Michalis Chrisochoidis confirmed this week that the previously announced “Safe Youth – Panic Button” initiative would go on the air on Monday, Nov.11.
Always stay up to date with To Vima’ English Edition’s News Wrap-up.
