Turkish Cypriot President Mustafa Akıncı has warned Greek Cyprus ahead of a resumption of peace talks that if the natural resources drilling off the island starts before an agreement on the island then there will be new tensions, which he does not favor. Source HurriyetDaily
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Chancellor Angela Merkel gave her strongest signal yet that she’ll pull German troops out of Turkey unless President Recep Tayyip Erdogan lets lawmakers in Berlin visit them, further cracking a show of unity at a NATO summit. Source Bloomberg
A downturn in Greece’s property market deepened in the first quarter, as uncertainty over its bailout program and chronic weakness in its banking sector further eroded a traditional pillar of the country’s ailing economy. Source ekathimerini
China’s Finance Ministry Wednesday dismissed a decision by international rating agency Moody’s to downgrade China’s credit ratings.
The downgrade was based on the “pro-cyclical” rating approach which is “inappropriate,” the Ministry of Finance (MOF) said. Source People’s Daily