Greek Minister of Defense, Panos Kammenos threatened today Albania, when he mentioned a conflict with Turkey and Albania. Source Albeu
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Any country leaving the eurozone would have to settle its claims or debts with the bloc’s payments system before severing ties, European Central Bank President Mario Draghi has said. The comment, a rare reference by Draghi to the possibility of the currency zone losing members, came in a letter to two Italian lawmakers in the European Parliament released on Friday (20 January). Source Euractiv
Britain’s government unveiled a new interventionist approach to rebalance its heavily services-based economy for the post-Brexit era, in a break with traditional Conservative laissez-faire economic policy. Prime Minister Theresa May’s “Modern Industrial Strategy”demands closer collaboration in key industries in exchange for government support, aiming to increase productivity, reinvigorate industrial production and stimulate investment in technology and R&D. Source Reuters
Russian shipments surged nearly a quarter over 2015 to about 1.05 million barrels per day (bpd), the data showed, with Saudi Arabia coming in a close second with 1.02 million bpd, up 0.9 percent in 2016 versus the previous year. China is the world’s second-largest oil buyer and the fastest-growing major importer. Source Reuters