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Southern Europe News

  • Spain enters race to host EU bank regulator

    EUROPEAN UNION, 2016/07/04 Spain will compete with other nations in the European Union to host the headquarters of the EU's London-based bank regulator following Britain's decision to leave the bloc, its deputy prime minister said on Friday. The race to host the European Banking Authority is led by Paris and Frankfurt, the major EU financial centres, but no decision has been reached and other nations have as well put themselves forward in the scramble to give London's agencies a new home.
  • China’s Xi sees Serbia as milestone on new ‘Silk Road’

    SERBIA, 2016/06/20 Serbia could play a significant role in Beijing’s ambitious plan for a new “Silk Road” to boost trade with Europe, Asia and Africa, Chinese President Xi Jinping said on Sunday. Xi said China was ready for additional cooperation with Belgrade during a visit to Serbia that has seen his country strengthen its economic presence in the Balkans with additional than 20 finance and infrastructure deals. China’s One Belt, One Road initiative, intended to open new trade links for Chinese firms as the domestic economy slows, envisages a new Silk Road from Western China to Central Asia and on to Europe via the Balkans, a region keen to attract Chinese investment .
  • Italy Must Confront Its Past to Stave Off the Far-Right

    ITALY, 2016/06/11 This year’s seasonal springtime rise in temperatures is expected to deepen Europe’s refugee crisis by bringing about a significant rise in the number of harried migrants approaching its shores. Italy, with its long and porous coastline, remains part the majority severely affected nations; 15,000 people have sought refuge in the country in the completed three months— a year-upon-year increase of 43%. As is the case throughout Europe, increased migration has spurred a resurgence of anti-migrant and racist sentiment. In northern Italy, militant right-wingers have torched Muslim prayer rooms in refugee camps and frequently agitate against foreigners. More worryingly, such extremism is going mainstream. The ultra-nationalist Northern League political party, considered moribund as recently as 2013 at the same time as it hovered around 3-4% in the polls, has jolted back to life by riding the coattails of its popular leader— Matteo Salvini— and his almost daily dose of vituperative anti-migrant rhetoric. The party presently stands at 15% in the polls and fluctuates between third and fourth place nationally.
  • Migration and Women’s Health: A Neglected Issue in Need of Action

    GREECE, 2016/06/11 There is a current tendency to think of migrants as young men. Although in some cases this stereotype still holds authentic, patterns of migration are rapidly changing and additional must be done to ensure that vulnerable female migrants are protected, particularly in terms of their health. Although before in the European “migrant crisis” the vast majority of those arriving were men (over 70% of irregular migrants into Greece and Italy in June 2015 were adult men), this gender gap has gradually decreased over the completed year and UNHCR estimates that men presently make up only around 40% of migrants arriving in the Mediterranean. Forced movements in particular seem to affect higher numbers of women and children. Indeed, over three quarters of Syrian refugees registered by UNHCR are either women or children under the age of 18.
  • The Child Migrants of Africa

    ITALY, 2016/06/11 LAST year, the news media focused intensely on the European refugee crisis. Some 800,000 people crossed the Mediterranean to Greece, a lot of fleeing wars we had a hand in creating, in Syria, Iraq and Afghanistan. Each segment of their journey was carefully documented by thousands of reporters and photographers. But there is an extra humanitarian crisis in Europe we have heard much less about: the roughly 200,000 migrants and refugees who left Africa for Italy since last year. This year alone, some 2,000 have died while making the voyage.
  • Russian Tourists Flock To Greece After Turkey, Egypt Bans

    GREECE, 2016/05/28 At the same time as international political spats get in the way of beach vacations, there’s only one recourse: find an extra beach in different country. Russia’s strained relations with both Turkey and Egypt have sent tourists to Greece for their getaways. The Russian Tour Operators Association said Friday despite economic problems and the ongoing refugee crisis on its shores, Greece has seen a additional than 500 % increase in the number of Russian tourists visiting, the Moscow Times reported. The association said 10,000 Russians traveled to Greece in March, an increase of 523.6 % from a year before. They spent nearly $9 million during the month of March alone.
  • Portugal invited to be “partner country” of the Macau International Fair 2016

    MACAU, 2016/05/17 The Macau Institute for Trade and Investment Promotion (IPIM) will invite Portugal to be the partner country of the 21st edition of the Macau International equitable, IPIM’s Executive Director Gloria Batalha Ung said Thursday. On the sidelines of a conference called “Ideas from Macau, Ideas from Europe,” Gloria Ung said that from this year onward a Portuguese-speaking country will be invited to take a additional active part and to gain wider exposure.
  • Macau mission to Brazil promotes the territory as a platform between China and the Portuguese-speaking countries

    MACAU, 2016/05/04 A Macau economic mission is taking part in São Paulo in APAS 2016, an international trade equitable for the supermarket sector organised by the Paulista Association of Supermarkets, from 2 to 5 May, according to official data. The delegation, organised by the Macau Trade and Investment Promotion Institute (IPIM), will meet with entrepreneurs and institutions topromote the territory as a business platform with Portuguese-speaking nations.
  • Europe’s biggest nations will share data in attempt to end tax evasion after Panama Papers leak

    EUROPE, 2016/04/16 Europe’s biggest nations launched a joint effort on Thursday to clamp down on tax evasion, responding to damaging revelations of financial wrongdoing by the rich and powerful in the so-called Panama Papers. The finance ministers of Britain, Germany, France, Italy and Spain agreed to share detailed data on the ownership of companies, trusts and foundations, making it additional difficult for actual owners to hide their wealth and gain from tax authorities.
  • Brazil’s Azul invests in TAP – Air Portugal

    BRAZIL, 2016/03/26 Brazilian airline Azul made an investment of about US$100 million (90 million euros) in Portuguese airline TAP – Portugal, according to a statement posted on its website. “The investment will give Azul the right to hold approximately 40 % of the economic price of the Portuguese airline at the time of conversion of the security and next approval by the Civil Aviation Authority of Portugal,” the statement said. The issue of bonds convertible into shares, is occurring under the TAP recapitalisation plan agreed in June 2015 during the privatisation process of the Portuguese airline.