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Greece unveils maritime spatial planning [ΙnTime News]
Welcome to the weekly round-up of news by Kathimerini English Edition. The Greek government announced this week that it had concluded its maritime spatial planning (MSP) and released a map illustrating the outermost possible limits of the country’s continental shelf. The MSP incorporates the existing exclusive economic zone (EEZ) delimitation agreements with Italy (1977 and 2020) and Egypt (2020), while showing the outer potential limit of an EEZ with other neighboring countries. Government sources available to Kathimerini stressed that the document itself does not constitute a formal delimitation of an EEZ in the Aegean Sea. However, Greece did declare an EEZ in the western Ionian Sea. “This is a significant day”, noted Foreign Minister George Gerapetritis, characterizing the MSP as a document of vital importance for Greece’s national interests. “On the one hand, it defines the human activities taking place within Greece’s maritime space; on the other, it sets out, clearly and for the first time, the geographical framework within which these activities are exercised,” he said. The MSP has long been a Greek obligation to the European Union, one that had been constantly delayed. The original deadline for its submission was March 31, 2021, with the European Court noting that Greece was liable to be fined for the delays on February 27. However, the timing of the decision to complete the process is also tied to the current situation in Greek-Turkish relations, with the two countries at odds over the Great Sea Interconnector. Turkey, on the same day that Greece published its MSP, released a preliminary map outlining its own claims in the region, rooted in the ‘Blue Homeland’ doctrine which does not recognize the maritime rights of islands. Both the Foreign and Defense ministries of Turkey released statements condemning Greece’s MSP, calling it a unilateral act that will adversely affect bilateral relations. This reaction was anticipated in Athens, which continues to stress that the document does not affect the progress of talks between the two countries. Spotlight
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[InTime News]As Greece celebrates Easter and feelings of love and solidarity should prevail, the reality in the daily lives of the country’s citizens is not that joyful and their outlook for the future not so positive. There is widespread suspicion about the way things function, and a growing disappointment towards institutions; primarily at the political system. Peoples’ discontent is aimed both at the government, which is paying a heavy political price, and at the opposition, which suffers from a lack of vision and has failed to appear as a convincing alternative. It is not only politicians who are being discredited in the consciousness of citizens. It is the institutional framework as a whole. There is a pervasive sense of principles and values being constantly violated by those in positions of power, a gray backdrop that largely explains the rapid increase in the so-called anti-establishment vote, that is being confirmed by all the opinion polls. And if the lack of trust in the politicians is a phenomenon that has been observed for decades, the frustration and disillusionment that increasingly concerns institutions such as the judiciary is most troubling. Greece has always been a country where the rule of law fell short of expectations. Still, there is a feeling that things are deteriorating. The vast majority of citizens express indignation at the inadequacy of the justice system, the main institutional pillar of a well-governed state. This development generates insecurity and can lead to people making frivolous choices. Confusion is a dangerous recipe. Overcoming this dire reality should be the aim of Greece’s healthy forces that do exist in many sectors of society, but are often too passive or unwilling to pick the necessary fights. They have to rise, if not from the dead, certainly from their comfort zones. That holds true for the politicians and members of the judiciary who do believe in the public interest and serve it honourably, as well as for conscious businesspeople, academics and public opinion makers. Complacency is not only wrong. It could lead to unfortunate developments. |
As we move close to the start of the high tourist season, thousands of businesses continue to find it hard to attract staff to cover shortages; a situation exacerbated by the decreasing unemployment rate in Greece, currently standing at approximately 8.6%. As the pool of possible candidates continues to get smaller, the difficulties of Greek businesses are set to compound. There are several factors driving this imbalance, with the demographic challenge facing the country being at the very top. Additionally, experts point to the skills mismatch in the Greek labor market, as well as the fact that many young people work abroad. Finally, they also state that several sectors are unattractive due to low wages and difficult conditions. These sectors include hospitality, other tourism businesses, and agriculture. |
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| “The Athens Exchange (ATHEX) general index closed at 1,642.17 points on Thursday, up 3.76% from last week.” |
| “The percentage of the population in Greece at risk of poverty rose from 26.1% in 2023 to 26.9% in 2024, largely due to the fact that the inflationary crisis that began in 2021 has eaten into households’ disposable income with food, fuel, and rents, all rising significantly. Material and social deprivation also rose to 14% in 2024 from 13.5% the year before.” |
| “Tax revenues for the first quarter of the year totalled 16.896 billion euros, 830 million euros more than the target (12.1%). The data, released by the Finance Ministry, could pave the way for additional government spending and tax relief, with a 500 million euro increase to the 2025 Public Investment Program budget having been already announced.” |
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Editor's Pick We here in Greece felt it and learned it firsthand. The markets are impersonal, ruthless and chaotic, no one can easily control them or convince them of their rightness.Read the article |
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