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MEPs urge the EU to strengthen its security

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German politicians criticize Swiss defence spending as inadequate

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European Commission initiates strategic dialogue on steel sector's future

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Belgian federal parliament blocks Chinese AI model DeepSeek

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European Commission unveils clean industrial deal in Antwerp

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EU welcomes suspension of restrictive measures on key Syrian economic sectors

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European Parliament to display EU and Ukrainian flags in solidarity with Ukraine

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Latest News

MEPs urge the EU to strengthen its security

MEPs urge the EU to strengthen its security MEPs urge the EU to strengthen its security
  The European Parliament is calling for urgent action to strengthen the EU’s security, warning that "business as usual" is no longer...
Read More...

German politicians criticize Swiss defence spending as inadequate

German politicians criticize Swiss defence spending as inadequate German politicians criticize Swiss defence spending as inadequate
  Switzerland plans to increase its defence budget to 1% of GDP by 2032, with spending set to double to CHF 4 billion by 2028. However,...
Read More...

European Commission initiates strategic dialogue on steel sector's future

European Commission initiates strategic dialogue on steel sector's future European Commission initiates strategic dialogue on steel sector's future
  European Commission President Ursula von der Leyen has launched a strategic dialogue focused on the future of the European steel sector,...
Read More...

Belgian federal parliament blocks Chinese AI model DeepSeek

Belgian federal parliament blocks Chinese AI model DeepSeek Belgian federal parliament blocks Chinese AI model DeepSeek
  The Belgian federal parliament has blocked access to the Chinese AI chatbot DeepSeek, parliamentary services confirmed to Belga. The...
Read More...

European Commission unveils clean industrial deal in Antwerp

European Commission unveils clean industrial deal in Antwerp European Commission unveils clean industrial deal in Antwerp
  European Commission President Ursula von der Leyen has presented a new initiative aimed at strengthening European industry while ensuring...
Read More...

EU welcomes suspension of restrictive measures on key Syrian economic sectors

EU welcomes suspension of restrictive measures on key Syrian economic sectors EU welcomes suspension of restrictive measures on key Syrian economic sectors
  The European Commission has welcomed the Council's decision to suspend several restrictive measures on Syria, aiming to facilitate economic...
Read More...

European Parliament to display EU and Ukrainian flags in solidarity with Ukraine

European Parliament to display EU and Ukrainian flags in solidarity with Ukraine European Parliament to display EU and Ukrainian flags in solidarity with Ukraine
  The European Parliament will fly the EU and Ukrainian flags at its three main locations from Sunday, February 23, to Tuesday, February...
Read More...

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Greece's Parliament was sworn in Wednesday (July 17) after July 7 elections that saw a broad conservative victory end over four years of leftist rule.

The six-party Parliament will officially begin its functions after electing a Speaker on Thursday.

New Prime Minister Kyriakos Mitsotakis' conservative government has made boosting sluggish growth a priority, powered by tax cuts and accompanied by privatisation deals.

The 51-year-old Harvard graduate and former McKinsey consultant has also pledged to create jobs and get rid of obstacles to business.

Mr Mitsotakis will outline his government's policies at the weekend before a vote of confidence late on Sunday.

His New Democracy party has 158 lawmakers in the 300-seat chamber.

The Greek debt agency said it had raised €2.5 billion (S$3.82 billion) in the sale, while the prime minister said the yield of 1.9 per cent was a "record low".

A previous seven-year sale in February 2018 had a yield of 3.5 per cent amid world market volatility.

Starting in 2020, Mr Mitsotakis has promised to cut a hated property tax called ENFIA - brought in by a previous New Democracy-led government during the economic crisis - by 30 per cent over two years.

REFORMS PACKAGE

He has also offered to reduce income tax thresholds and to gradually cut tax on business profits by 8 per cent.

But just hours after his July 7 victory, euro zone finance ministers warned the new government to stick to the country's strict public spending commitments.

"We must keep our commitments, this is the only way I know to gain credibility," said Eurogroup chief Mario Centeno.

On Tuesday, the euro zone's bailout fund director and a key EU official overseeing Greece's debt repayments, Mr Klaus Regling, suggested that tax cuts be coupled "with a broader tax base".

In a meeting with Regling later on Tuesday, Mr Mitsotakis "confirmed that Greece would respect fiscal targets", the prime minister's office said.

During the election campaign, Mr Mitsotakis said he would persuade Greece's creditors to accept the easing of targets with "a comprehensive reforms package".

The current framework negotiated with creditors by the previous leftist Syriza government holds Greece to a primary budget surplus of 3.5 per cent to 2022 - but the conservatives say that target stifles growth.

There are two fewer parties in Parliament than in the previous chamber, but two of them are new - Greek Solution, a nationalist party formed by TV salesman Kyriakos Velopoulos, and MeRA25, an anti-austerity party founded by maverick economist and Mr Tsipras's former finance minister Yanis Varoufakis.

"We are here to say a massive 'no' to whatever strengthens (Greece's debt burden)," Mr Varoufakis, whose party elected nine lawmakers, said before being sworn in on Wednesday.

In contrast, neo-Nazi party Golden Dawn was shut out of Parliament for the first time since 2012.

Golden Dawn, until recently Greece's third-ranking party, is in disarray amid an ongoing trial for the 2013 murder of an anti-fascist rapper, allegedly carried out with the knowledge of senior Golden Dawn members.afp

 

deneme