The head of the European Union’s executive branch and Germany’s chancellor on Monday pledged a reform of the continent’s electricity market to help bring down power prices that have been pushed higher by skyrocketing gas prices.
The power grids of the islands of Skiathos and Evia have been connected since July 11, allowing the much smaller Skiathos to tap mainland Greece’s grid.
As the noise surrounding the wiretapping affair intensifies, Prime Minister Kyriakos Mitsotakis reportedly plans to highlight the strong dilemmas facing the country during his keynote speech at the Thessaloniki International Fair (TIF) and send the message that the government will see out its four-year term in office.
As Chinese warships rehearsed a blockade of Taiwan this month, they simulated a scenario that global leaders and policymakers have been busy worrying about: not war, but a grinding halt to the electronic supply chains that make the modern world run.
In the wake of Turkish President Recep Tayyip Erdogan’s references to the war with Greece in 1922 and to “despicable Greeks,” government spokesman Giannis Oikonomou responded by saying that the Turkish leader “has chosen to distort history in order to serve his revisionist narrative.”
The country has an existential challenge to live up to: achieving investment grade. Once it does that, it will be in a position to put the crisis behind it and return to economic normalcy.
Officials and top managers are awaiting the next round of reports on Greece by credit rating analysts.
Greek stocks, like those in other markets, were hit hard Monday by talk among central bankers for the need for an aggressively tight monetary policy.
The Istanbul head of Turkey’s main opposition party, Canan Kaftancioglu, who cannot run in next year’s elections but can still play a key role in rallying voters in the nation’s biggest city, denied a new charge of insulting the president on Monday.
MPs have voted to set up a committee of inquiry into the wiretapping of the mobile phone of PASOK-Movement for Change leader Nikos Androulakis.