Tag: EU

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Greece to Repay First Bailout Loans a Decade Early, Signaling Economic Recovery

Greece is poised to repay its first bailout loans a decade early, targeting full clearance by 2031, government officials revealed. With annual €5 billion installments, the nation aims to shed its status as the EU’s most indebted country, leveraging a €37 billion cash reserve and robust fiscal gains. Finance Minister Kyriakos Pierrakakis called the plan “realistic,” signaling Greece’s steady recovery from the 2009-2018 debt crisis that nearly upended the eurozone.

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EU May Tax Big Tech if Trump Trade Talks Fail, Von der Leyen Warns

The European Union, led by President Ursula von der Leyen, is prepared to impose taxes on U.S. tech giants like Meta and Google if trade negotiations with President Donald Trump break down. Highlighting a pivotal shift in global trade, Von der Leyen warned of escalating tensions and promised protective measures to shield EU markets from a flood of Chinese goods.

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EU Border Agency Investigating Alleged Rights Violations by Greece

The EU’s border agency, Frontex, is reviewing 12 serious incident reports involving Greece, some linked to alleged illegal pushbacks of migrants—a practice recently condemned by the European Court of Human Rights. While Greece denies such actions, the investigation underscores ongoing concerns about border management and human rights compliance at Europe’s southeastern frontier.

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Mitsotakis on Trump Tariffs: Greece Insists on Unified EU Response

“Greek Prime Minister Kyriakos Mitsotakis called for a unified EU response to Donald Trump’s tariffs during a meeting of the Governmental Economic Policy Council on April 07, 2025. ‘Greece is ready to face these challenges while staying on the path of fiscal stability,’ he declared, emphasizing the need for solidarity among the 27 member states to protect the nation’s economy amid global trade uncertainties.”

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EU Could Target Wall Street’s Tech Giants in Response to Trump’s 20% Tariffs

The European Union is considering a bold response to Donald Trump’s 20% tariffs, with analysts pointing to a potential strike against U.S. tech giants like Apple and Google. As negotiations falter, the EU could wield its market power to inflict pain on Wall Street, though such a move risks harming its own consumers and escalating tensions.

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EU Defence Spending Rises in 2023: Greece Among Top Spenders

In 2023, EU governments allocated €227 billion to defence, representing 2.7% of total expenditure and 1.3% of GDP. Greece ranked among the top spenders, dedicating 2.2% of its GDP to defence, following Latvia, Estonia, and Lithuania. The increase in defence budgets across the EU reflects a growing focus on security amid geopolitical tensions.

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BREAKING: EU Braces for 20% Tariffs from Trump Administration Next Week

The EU’s top trade negotiator warns of 20% tariffs from the Trump Administration next week, sparking fears of a transatlantic trade war. Set to begin around April 2, the move could hike costs for EU exporters, trigger retaliatory duties on $19.6 billion of U.S. goods, and strain diplomatic ties, with key sectors like automotive and tech caught in the crossfire.

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Mitsotakis Announces Minimum Wage Increase to €880 in Greece

Greek Prime Minister Kyriakos Mitsotakis announced a minimum wage increase to €880, effective April 1, 2025, during a Cabinet meeting. This 6.02% rise from €830 aims to enhance workers’ purchasing power and support Greece’s economic recovery, marking the fifth such hike since 2019. With a cumulative increase of 35.4%, nearly double the inflation rate, the government targets a €950 minimum wage by 2027, placing Greece 11th among EU nations with statutory minimum wages.

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Greek Project Shines Among 47 EU-Approved Strategic Raw Material Initiatives

The European Commission has approved 47 strategic raw material projects across 13 EU countries, including a unique Greek initiative by Metlen Energy & Metals and European Bauxites. Focused on bauxite, alumina, aluminium, and gallium, Greece’s proposal stands alone among the €22.5 billion effort to enhance Europe’s resource independence. Hailed as a boost to EU sovereignty, the projects promise faster licensing and funding, with Greece playing a key role in this industrial leap forward.

On Tuesday, Istanbul University ruled that Mayor Ekrem Imamoğlu’s 1995 degree was falsely obtained, revoking it amid a forgery probe. The decision could derail his presidential hopes, though he vows to fight it in court while leading the CHP against Erdoğan’s AK Party.

Ekrem Imamoglu’s Arrest Sparks Protests and Democracy Concerns in Turkey

On March 23, 2025, Turkey arrested Istanbul Mayor Ekrem Imamoglu, a key rival to President Erdogan, on corruption charges widely viewed as a political tactic to sideline him before the 2028 presidential race. The move, following a raid on his home, sparked massive protests and drew condemnation from the Council of Europe, amplifying fears over Turkey’s democratic decline. Despite legal challenges and a revoked diploma, Imamoglu’s CHP party rallies behind him as Erdogan’s grip tightens.