The European Commission, the EU’s executive arm, announced that it will recommend the removal of its so-called excessive deficit procedure for Greece, a step taken when a member state’s budgetary shortfall gets too big, according to an emailed statement on Wednesday.Source: Bloomberg
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Banning social media trolls from voting could help reduce the amount of abuse faced by politicians, the election watchdog has said. The Electoral Commission says legislation around elections should be reviewed and new offences could be introduced. Source The Guardian
The Iraqi Kurdish Regional Government’s (KRG) economic power, propelled by oil exports via Turkey, is potentially at risk if the autonomous administration in northern Iraq insists on independence considering Ankara’s objection to the referendum, an energy expert has said. Source Hurriyet Daily News
Official figures published last week found that oil production increased by 2.9 per cent last year following a recovery in the price. However, capital expenditure dropped by around 20 per cent and it has emerged there were 60,000 job losses in the industry last year, 20,000 more than expected. Source The Telegraph