Withdrawal from the European Union
The World Bank has revised significantly its estimates of the Romanian economy's advance this year, down to 0.3 percent from 3.8 percent, as projected three months ago, but growth would gradually bounce back in the second half of 2020 and further accelerate in 2021 to 4.4 percent, according to the World Bank's economic update spring 2020.
Turkish Trade Minister Ruhsar Pekcan has told the ambassadors of EU countries in Ankara that Turkey is waiting for the European Commission to renew the 1996 customs union agreement.
"Your contributions in this sense are exceptionally important. We invite you to work with the business world," she said at a meeting with the EU Delegation to Turkey on Feb. 26.
It is the wont of presidents of the European Council to lock the doors when things get tough.
Following the footsteps of his predecessor European Council President Charles Michel warned last week that European leaders who are today attending an extraordinary summit will not leave Brussels until they have reached agreement on the EU's 2021-2027 multiannual financial framework.
Alternate Foreign Minister Miltiadis Varvitsiotis, who is responsible for European affairs, on Tuesday expressed Greece's dissatisfaction over the the bloc's long-term budget for the next seven years, also known as the Multiannual Financial Framework 2021-2027, as EU funds for cohesion policy and common agricultural policy remain at low levels.
Before Greece risked falling out of the eurozone in 2015, Alexis Tsipras made his famous kolotoumba (somersault). At present, British Prime Minister Boris Johnson shows little sign of backing down on his ambitious Brexit agenda, though there are many opinions implying that his is also a reckless gamble.
The European Commission is forecasting a bigger growth for the Greek economy in 2019, a modest growth for 2020, and stable in 2021, based on its report released Thursday.
Real GDP in Greece is forecast to reach 2.4 percent in 2020 (compared with a previous forecast for 2.3 pct) and 2.0 percent in 2021.