EIB President Werner Hoyer, following a meeting with Greek state officials, introduced Nicholas Jennett, the Head of the EIB’s newly established Investment Team for Greece, who from early next year will be resident in Athens.
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Xydakis highlighted Greece’s longstanding support for proposals that enhance border protection, adding that the new force, when it is created, must act with the consent of the interested state.
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Actual Individual Consumption (AIC) is a measure of material welfare of households. Across the Member States in 2014, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 51% of the European Union (EU) average in Bulgaria to 141% in Luxembourg.
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Market Ombudsman is a modern tool for supporting businesses and provides HelpDesk services, through the Foreign Ministry’s “Agora” portal, to Greek enterprises active internationally.
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We call Vicious Circle the reasoning and thus the practices, where the outcome is perceived as the cause. With such a “logical process” is impossible to understand and finally solve a problem, because we limit our efforts to minimize the effects (symptoms), while the real cause is still going and remains intact. A typical example is the treatment of the Memorandum of the loan agreement, no as a result, but as a cause.
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On 8 December 2015, the European Union and San Marino signed an agreement aimed at improving tax compliance by private savers. The agreement will contribute to efforts to clamp down on tax evasion, by requiring the EU member states and San Marino to exchange information automatically.
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Dijsselbloem: The objective is to settle this by mid-December, so that we can focus on some of the major fiscal and structural reforms that are still open and need to be finalised for the first review early next year.
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In a televised interview with state ERT TV, Prime Minister Alexis Tsipras answered questions posed by three journalists – Voula Kehagia, Yannis Kouvaras and Vasilis Skouris – while journalist Panos Haritos coordinated the whole process.
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In the context of the third economic adjustment programme for Greece, the European Commission has approved additional state aid of €2.71 billion to National Bank of Greece under EU state aid rules, on the basis of an amended restructuring plan.
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The European Commission welcomed that capital to meet the shortfalls identified by the SSM’s comprehensive assessment for Alpha Bank and Eurobank has been fully raised from private investors. As a result, no state capital injections will be necessary. The Commission has also found the amended restructuring plans of Alpha Bank and Eurobank to be in line with EU state aid rules.
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