Saudi Arabia has admiited that it owes billions of dollars to private firms and foreign workers after oil revenues collapsed, the kingdom’s new finance minister said. The arrears have left tens of thousands of foreign workers, chiefly in the construction sector, struggling for months while they await back pay. Source Saudi Arabia
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A Turkish military patrol boat fired shots early Friday morning in the area around the eastern Aegean island of Farmakonisi, the Greek defense ministry said.Source Ekathimerini
Speaking in an interview in the February issue of “Gold Investor” — a magazine issued by the World Gold Council, Greenspan argued that imbalances in the economic strength of eurozone nations make the continued function of the single currency area a major concern. Source: Business Insider
A special budget only for the countries of the euro area, the EU Council as “a true legislative chamber” – MEPs propose. The report by Italian Socialist Mercedes Bresso and the German Christian Democrat Elmar Brok proposes reforms that would not require changes in the EU Treaty of Lisbon. Source: PAP/Onet