Athens and Nicosia are raising alarm bells as Turkey continues to dispute Cyprus’s exclusive economic zone (EEZ) and, in particular, its rights to hydrocarbon exploration in Block 6, which was recently licensed to a consortium of Italy’s Eni and France’s Total. Source Ekathimerini
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The European Commission, the EU’s executive, on Monday accused Polish Foreign Minister Witold Waszczykowski of not understanding its role as a dispute over government pressure on Poland’s judiciary and state media intensified. Source Reuters
Growth in bank loans to euro zone companies set a fresh post-crisis high in April, even as a key money supply indicator, which often predicts future economic activity, dipped more than expected, fresh data from the European Central Bank showed on Monday. Corporate lending in the 19-country currency bloc grew by 2.4 percent in April, just above the previous month’s 2.3 percent but the highest rate since mid-2009. Source Reuters