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Tag Archives: EC

EU opens window for reduction of Greece’s primary surplus targets

The European Commission is believed to be supportive to the reduction of Greece’s primary surpluses, EU Economy Commissioner Paolo Gentiloni said during a meeting with Prime Minister Kyriakos Mitsotakis is Athens on Thursday. “I believe that the European Commission is certainly supportive of the start of this discussion. The decision …

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Greece among the 9 EZ countries compliant with Stability & Growth Pact

European Commissioner Vice President Valdis Dobrovskis slightly opened the window for a possible decrease of primary surplus targets for Greece. “If we see clearly positive trends in debt sustainability analysis, this can be reflected in the primary surpluses, as these two are closely linked,” he said in Brussels on Wednesday. …

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Athens proclaimed the European Capital of Innovation for 2018

The Greek capital Athens has been proclaimed the European Capital of Innovation for 2018. In a special event organized in Lisbon, the Greek capital was declared the winner of the European Commission iCapital Awards. “The prize awarded Athens for its ability to harness innovation in order to improve the lives …

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Controversial AI “lie detector” to be used at borders of Greece, Hungary and Latvia

A controversial system of Artificial Intelligence powered “lie detector” will be used at some borders in Greece, Hungary and Latvia to identify illegal migrants. The system sponsored by the European Commission is supposed to identify illegal migrants by analyzing their micro-expressions. The project that is to be used initially for …

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Creditors’ statement following first post-bailout mission to Greece

Staff from the European Commission, in liaison with staff from the European Central Bank and the International Monetary Fund, visited Athens from 10 to 14 September for the first post-programme mission to Greece. Staff from the European Stability Mechanism participated in the meetings in the context of its Early Warning …

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Cyprus drill ship: EU tells Turkey to avoid damaging actions

The European Union on Monday called on Turkey to avoid threats and “refrain from any actions that might damage good neighborly” ties after Cyprus, a member of the bloc, accused the Turkish military of obstructing a ship exploring for gas. Cyprus is one of several states, also including Israel and …

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Is Juncker trying to establish an EU “deep state”?

With Brexit bickering on hold at this week’s EU summit as leaders prepare for a second phase of talks, the drama will be provided instead by national capitals’ efforts to rein in what some see as a brazen attempt at overreach by European Commission President Jean-Claude Juncker. European leaders worry …

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Battle won: End of roaming charges when traveling within the EU

Long awaited …To be implemented soon. Groundbreaking decision on roaming charges within the European Union! EU negotiators agreed on wholesale prices, the final piece to make it happen. With the new agreement, when traveling in the European Union consumers will be able to call, send SMS or surf on their …

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MNI European lenders & IMF in “political deadlock” over Greek dept

Greece’s European lenders and the International Monetary Fund are in political deadlock over the Greek debt. German news agency MNI reports of a secret meeting last Saturday in Washington where high-ranking representatives from European institutions (ECB, ESM and EU Commission) and Poul Thomsen from the IMF talked about the Greek …

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EU Commission works towards a EU-wide minimum wage

The idea of adaption of a European minimum wage is not new. European Commission President-designate Jean-Claude Juncker said in July 2014 that he would work towards the introduction of a minimum social wage in each member state of the EU. Two years later, the discussion on the issue is high …

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EC plans toll fees of €13-€50 for travelers entering EU countries

The European Commission plans to impose an entrance free between 13 and 50 euros for those travelers entering the European Union member-states. According to a EC statement the so called “European Travel Information and Authorization System (ETIAS)” will provide additional control over the external EU borders as it will determine …

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Commission suspends EU Funds due to “cartels” in Greece’s construction sector

The European Commission temporary suspended all projects funded through the European Regional Developments Funds for the period 2014-2020 claiming there is a suspicion that a construction cartel has been exploiting the funds flowing into Greece. EC’s official justification for the suspension of funds amounting €13.5 million is the “distortion in …

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