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Tag Archives: Italy

Unemployment in Greece falls to 18% but still the highest in EU

Unemployment in Greece fell to 18% in December 2018, the European Statistics Authority Eurostat announced on Monday. Greece’s rate is the highest in the European Union and the Eurozone area. Unemployment rate among young people (aged below 25 years) rose slightly to 39.5% in December from 39.4% in November. Unemployment …

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Tsakalotos: Italy volatility has made it harder for Greece to sell bonds

Volatility in Italian government debt has made it harder for Greece to return to bond markets, Greek Finance Minister Euclid Tsakalotos told Reuters, but said he is comfortable with waiting for the right time to raise funds. A recent selloff in Italian government debt has pushed up the borrowing costs …

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OXI DAY 28. Oct 1940: The Italian ultimatum and Greece’s resistance to Axis forces

With military parades, patriotic songs and pride Greeks celebrate the day that went to history as the OXI Day. It is the day Greece said NO to Italian invasion of Greece on 28. October 1940, that marked the beginning of the Greek-Italian war and ended in occupation by the axis …

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Video shows how tsunami waves reached Italy 40 min after Zakynthos earthquake

An impressive video shows how the tsunami waves triggered by the 6.8R earthquake in Zakynthos reached the shores of  Italy in just 40 minutes. It reached the shores of South Peloponnese in just 25 minutes, with the waves reaching a height of 20 cm. The tsunami waves reached the sea …

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Italian President to formally apologize for declaring war to Greece on 28. Oct 1940

Italian President Sergio Mattarella will reportedly formally apologize on behalf of his country for the unprovoked declaration of war to Greece, on 28 October 1940. Invited by his Greek counterpart Prokopis Pavlopoulos, Matterella will pay an one-day visit to Greece on Sunday. The two presidents will attend the military parade …

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Europeans are no longer shocked by pictures of drowned children

Europeans are no longer shocked by pictures of drowned migrants and refugees children.Their pictures no longer make it to headlines. The urgency Europe felt following the death of  3-year-old refugee boy Kurdi washed ashore a Turkish shore in 2015 appears to have dissipated. Just look at the direction in which …

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EU clears acquisition of Greece’s gas grid DESFA by Italy’s Snam

The European Commission said on July 16 that the EC has approved, under the EU Merger Regulation, the acquisition of DESFA of Greece by Snam of Italy. DESFA operates the high-pressure pipeline grid and a liquefied natural gas (LNG) terminal in Greece. Snam is the main gas transmission system operator …

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Switzerland reject migrants’ relocation from Greece and Italy

Switzerland has rejected a second asylum seeker relocation programme proposed by the European Union to relieve the burden on frontier countries like Italy and Greece. According to the SonntagsBlick paper, a spokesperson from the State Secretariat for Migration (SEM) has confirmed that currently Switzerland has no plans to renew its commitment to …

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EU leaders compromise on vague conclusions and “controlled migration centers”

After a long sleepless night and a session that lasted approximately 14 hours, the 28 European Union leaders managed to reach a compromise and agreed to adopt the conclusions on the hot potato that is called: Migration. The rift within the EU on the issue is bigger than ever before …

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EU Council cancels Summit press conference after Italy threat to veto

The first day of the EU Summit did not go according to plan. The EU Council has cancelled the press conference at the end of Day 1 of the summit and in a very diplomatic statement, make it clear, it’s Italy’s fault… The European Council this afternoon had an exchange …

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Europol report: Left-wing terrorism still active in Greece, Italy & Spain

Left-wing terrorism is still active in Greece, the Europol says in its “EU Terrorism Situation and Trend Report (TE-SAT) 2018” after evaluating incidents in 2017. In the same report, the Europol notes that left-wing terrorism is also active in Italy and Spain, even though to a lesser extend. Greece, Italy …

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Frontex sees a 90% increase of asylum-seekers entering Greece from land border to Turkey

In the first five months of 2018  Greece has been Europe’s top entry point for refugees and migrants. According to the European Border and Coast Guard Agency, Frontext, over 19,800 people entered Greece during January – May 2018. At the same time, the land border crossing from Turkey to Greece …

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Financial problems in Italy could impact Greece, says FM Kotzias

When Greek politicians are outside …Greece, ‘Greece worries about the impact of the financial problems in Italy.’ When Greek politicians are inside …Greece, ‘everything is under control.’ Two contradictory statements on Two contradictory statements on the same day: one by Foreign Minister, Nikos Kotzias, and one by Economy Minister, Yannis …

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300 kg cocaine found in Greek owned container ship off Genoa

300 kilos of cocaine have been found in container ship Dimitris C, a Greek owned merchant ship of Danaos Shipping. The vessel is registered in Malta. The illegal load was detected by the Ukrainian crew of the ship during a control check and while the ship was near the port …

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Greek Culture Ministry in contact with NY prosecutors to claim back stolen antiquities

Greece’s Ministry of Culture is in contact with the prosecutor’s office in Manhattan, after New York authorities seized several antiquities from the private collection of billionaire Michael Steinhardt on Friday. General Secretary of the Greek Culture and Sports Ministry, Maria Andreadaki-Vlazaki said on Sunday “the Ministry is in contact with …

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