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Greek Finance Minister Kyriakos Pierrakakis Elected as Eurogroup President

Greek Finance Minister Kyriakos Pierrakakis Elected as Eurogroup President

Kyriakos Pierrakakis, the Greek Finance Minister, has been elected as the president of the Eurogroup, marking a significant milestone for Greece. This election comes a decade after Greece faced a severe financial crisis that nearly led to its exit from the eurozone. The Eurogroup, consisting of finance ministers from the 20 EU countries using the euro, plays a crucial role in shaping economic policies across the region. Pierrakakis, a member of Greece's New Democracy party, has been recognized for his efforts in digital governance and economic reforms. His election is seen as a testament to Greece's recovery and the sacrifices made by its citizens during the financial crisis.
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Elon Musk Challenges EU Fine Over Digital Services Act Violations

Elon Musk Challenges EU Fine Over Digital Services Act Violations

Elon Musk Challenges EU Fine Over Digital Services Act Violations
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Russia's Central Bank Sues Euroclear Amid EU Plans to Use Frozen Assets

Russia's Central Bank Sues Euroclear Amid EU Plans to Use Frozen Assets

Russia's Central Bank has filed a lawsuit against Euroclear, a Belgian financial institution, over the management of Moscow's frozen assets in Europe. The lawsuit, filed in Moscow's Arbitration Court, seeks to recover damages from being barred from managing these assets. This legal action comes as the European Union considers using the frozen assets to support Ukraine's military and economic needs. The EU's executive branch estimates that 210 billion euros of Russian assets are held in Europe, with Euroclear holding a significant portion. Russia's Central Bank has condemned the EU's plans as illegal and contrary to international law.
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IMO Strengthens Maritime Security in Africa During EU Maritime Security Week

IMO Strengthens Maritime Security in Africa During EU Maritime Security Week

The International Maritime Organization (IMO) has reaffirmed its commitment to enhancing maritime security across the Red Sea, East Africa, Southern Africa, and the Western Indian Ocean regions. This announcement was made during the EU Regional Maritime Security Week held in Nairobi, Kenya, from December 2 to 5, 2025. The event, hosted by the Government of Kenya with support from the European Union, brought together 112 delegates from 16 countries and 12 regional and international organizations. Key discussions focused on the progress of EU-funded initiatives like the Red Sea, Safe Seas Africa, and Port Security and Safety of Navigation programs. These initiatives have led to significant achievements, including the seizure of 2.4 tonnes of drugs, the arrest of 36 human traffickers, and the rescue of multiple fishermen and sailors in distress.
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U.S. Stockpiling of Critical Minerals Reflects Cold War-Era Strategies Amid Geopolitical Tensions

U.S. Stockpiling of Critical Minerals Reflects Cold War-Era Strategies Amid Geopolitical Tensions

U.S. Stockpiling of Critical Minerals Reflects Cold War-Era Strategies Amid Geopolitical Tensions
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EU Grants Emergency Powers to Keep Russian Assets Frozen Amid Ukraine Conflict

EU Grants Emergency Powers to Keep Russian Assets Frozen Amid Ukraine Conflict

The European Union has granted emergency powers to the European Commission to maintain a freeze on €210 billion in Russian state assets. This decision, announced by the Danish Council presidency, aims to ensure these assets remain blocked until Russia ceases its military actions against Ukraine and provides reparations. The legal mechanism, approved by a majority of EU ambassadors, is designed to prevent pro-Kremlin countries within the EU, such as Hungary and Slovakia, from unilaterally unfreezing these assets. The move is part of a broader strategy to support Ukraine financially and militarily, leveraging the frozen assets to underwrite loans for Ukraine's needs over the next two years. The decision also addresses concerns from Belgium, which opposed the plan due to potential financial liabilities if Russia were to reclaim the funds.
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IMO Reaffirms Commitment to Maritime Security During EU Maritime Security Week

IMO Reaffirms Commitment to Maritime Security During EU Maritime Security Week

The International Maritime Organization (IMO) has reiterated its dedication to enhancing maritime security in the Red Sea, East Africa, Southern Africa, and the Western Indian Ocean regions. This commitment was emphasized during the EU Regional Maritime Security Week held in Nairobi, Kenya, from December 2-5, 2025. The event, hosted by the Kenyan government with support from the European Union, brought together 112 delegates from 16 countries and 12 regional and international organizations. Discussions focused on the achievements of EU-funded programs like the Red Sea Programme and the Safe Seas Programme, which have led to significant seizures of drugs and illicit cargo, arrests of human traffickers, and rescues of distressed sailors. The IMO showcased initiatives such as the Djibouti Code of Conduct and the Safe Seas for Africa Programme, aimed at strengthening maritime governance and security frameworks.
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IMO Reaffirms Commitment to Maritime Security at EU Regional Event

IMO Reaffirms Commitment to Maritime Security at EU Regional Event

The International Maritime Organization (IMO) has reiterated its commitment to enhancing maritime security in the Red Sea, East Africa, Southern Africa, and the Western Indian Ocean regions during the EU Regional Maritime Security Week in Nairobi, Kenya. The event, supported by the European Union and organized in collaboration with various international organizations, focused on strengthening regional maritime security frameworks. Key discussions included the Djibouti Code of Conduct, the Red Sea Project, and the Safe Seas for Africa Programme, all aimed at improving maritime governance and security. The event also highlighted successful operations, such as the seizure of illicit cargo and the rescue of distressed sailors.
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In stunning reversal for Greece, Greek finance minister elected as Eurogroup president

In stunning reversal for Greece, Greek finance minister elected as Eurogroup president

Greek Finance Minister Kyriakos Pierrakakis has been elected as president of the Eurogroup — a move that would have been unthinkable just 10 years ago, when the country was in the throes of a deep financial crisis that almost saw it tossed out of the eurozone altogether
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In stunning reversal for Europe, Greek finance minister elected as Eurogroup president

In stunning reversal for Europe, Greek finance minister elected as Eurogroup president

Greek Finance Minister Kyriakos Pierrakakis has been elected as president of the Eurogroup — a move that would have been unthinkable just 10 years ago, when the country was in the throes of a deep financial crisis that almost saw it tossed out of the eurozone altogether
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Greek finance minister elected as Eurogroup president

Greek finance minister elected as Eurogroup president

Greek Finance Minister Kyriakos Pierrakakis has been elected as president of the Eurogroup — a move that would have been unthinkable just 10 years ago, when the country was in the throes of a deep financial crisis that almost saw it tossed out of the eurozone altogether
AP News AP News
Bulgaria's government resigns after mass protests and just weeks before nation due to join eurozone

Bulgaria's government resigns after mass protests and just weeks before nation due to join eurozone

Bulgaria’s government has resigned as mass protests gripped the country just weeks before it’s due to join the eurozone