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Brussels was abuzz over allegations that Huawei bribed MEPs, diverting attention from Viktor Orbán's successful veto on renewing sanctions against Russian entities. In a deal to avoid sanctions expiring, EU ambassadors acquiesced to Orbán's demands, illustrating the ease with which he manipulates the EU. Meanwhile, life expectancy in the EU reached a record 81.4 years in 2023, and Germany's centrist parties agreed on a significant infrastructure and defense spending package.
Alex Patelis, chief economic adviser to Greek Prime Minister Kyriakos Mitsotakis, has resigned after over five years in the role. In a Facebook post, he highlighted the government's achievement of returning the country to investment grade and ensuring economic stability since 2019. Patelis's final day in office will be December 31.
Greek Prime Minister Kyriakos Mitsotakis has cautioned that a trade war with the United States could severely impact the European Union. He expressed optimism that a trade agreement could be reached with the incoming administration of Donald Trump.
Greece plans to accelerate the repayment of at least €5 billion ($5.3 billion) in bailout loans by 2025, marking a significant shift in the country's economic trajectory since its near exit from the euro area over a decade ago. Prime Minister Kyriakos Mitsotakis announced that these obligations are set to mature between 2033 and 2042.
Kyriakos Mitsotakis
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