Tag: European Economy

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Mitsotakis and Macron Hold Talks in Paris on EU Economy, AI, and Defence Cooperation

Greek Prime Minister Kyriakos Mitsotakis met with French President Emmanuel Macron in Paris for a wide-ranging discussion on bilateral relations, the European economy, and defense cooperation. Their talks focused on strengthening EU competitiveness through artificial intelligence and the need for increased budgetary flexibility for defense investments. The meeting reaffirmed the strong ties between Greece and France amid evolving geopolitical challenges.

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Over Half of EU Businesses Engage in Innovation, with Greece Among the Leaders

More than half of businesses in the European Union reported engaging in innovation activities between 2020 and 2022, with Greece leading the way alongside Belgium. The latest Community Innovation Survey revealed that 66% of Greek enterprises were innovation-active, ranking second after Belgium. Larger companies were more likely to innovate, with 78% of businesses with 250 or more employees reporting innovation activities, compared to 47% of small businesses.

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Trump’s Election Could Negatively Impact European Economy, Says Bank of Greece Governor

The election of Donald Trump as U.S. President could negatively impact both American and European economies if his campaign promises are enacted, warned Yannis Stournaras, Governor of the Bank of Greece and ECB board member. Speaking at a public debt conference, Stournaras highlighted potential inflation and public debt rises in the U.S., alongside growth slowdowns and euro exchange rate fluctuations in Europe. He emphasized that the ECB’s monetary policy remains unchanged until more concrete policy details are revealed.

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PM Mitsotakis to Emphasise Border Security at MED9 Summit

Greek Prime Minister Kyriakos Mitsotakis will attend the MED9 Summit in Cyprus, where Mediterranean EU leaders will discuss escalating tensions in the Middle East, migration challenges, and European economic competitiveness. Mitsotakis is expected to emphasise the importance of securing the EU’s external borders and enhancing cooperation with third countries on migration, while also addressing the need for a coordinated EU response to the crisis in the Middle East. The summit serves as a precursor to next week’s European Council Meeting.