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Stability programme on “the right track”

The team of experts from the so-called “troika” (European Commission, the International Monetary Fund and the European Central Bank), after completing their monitoring of the progress of the stability programme, said that the latter is “on track on all of the dimensions.”
 The government is ahead of the deficit reduction target set in the plan for this year and tax hikes are boosting revenues, according to the team.
The government is also making progress on more long-term economic reforms, which can help its future finances, they added.
Meanwhile, Prime Minister George Papandreou, who attended the European Union Summit in Brussels yesterday, underlined that “his government is determined to go ahead with important and difficult reforms,” in order to put the country on the right path for achieving its goals. 
(GREEK NEWS AGENDA)

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Greece – Spain: Ties that Bind

(GREEK NEWS AGENDA)    Prime Minister Kostas Karamanlis and his visiting Spanish counterpart Jose Luis Zapatero yesterday called for the creation of a common European Union coast guard to curb illegal immigration but stressed that the EU should not become a fortress against would-be migrants. “Dealing with illegal immigration is not an issue that concerns only the coastal member-states of the European Union, given that illegal migrants can move freely throughout the EU,” Karamanlis pointed out, while outlining a drive to create a European system for monitoring borders and a European patrol network. Furthermore, the two leaders agreed that a very effective way to minimize immigration flows is to increase aid towards migrants’ countries of origin in order to boost development. Other issues on the agenda included the creation of a Mediterranean Union, climate change, rising prices in Europe, renewable energy issues and bilateral economic relations. Kathimerini daily: Spain and Greece unite on migrants; Athens News Agency: Karamanlis, Zapatero discuss migration, energy issues; Ministry of Foreign Affairs: Bilateral Relations Greece-Spain