The United States has called Greece a key partner in both the eastern Mediterranean and the Western Balkans at the start of Secretary of State Mike Pompeo’s five-day tour of Europe.
Mr Pompeo arrived in Greece early on Monday morning as the US State Department emphasised the importance of ties between Athens and Washington.
“Greece is a critical partner with which the United States shares key strategic goals,” the US statement read.
“The United States considers Greece a pillar of stability in the Eastern Mediterranean and the Western Balkans and a vital partner in bolstering security and prosperity in the region.
“We are committed to supporting Greece’s security, prosperity, and continued democracy,” it added.
Mr Pompeo’s two-day visit to the Hellenic Republic comes amid a critical dispute between Greece and its long-time rival and neighbour Turkey. The two nations have come close to an all-out conflict in recent months over maritime border disagreements.
Nato, of which Greece and Turkey are both members, has designs to expand its mission in the eastern Mediterranean and the Western Balkans with plans to bolster Greece’s naval base on the Greece island of Crete.
Mr Pompeo’s visit will emphasise the two countries' “shared commitment to advance security, peace, and prosperity in the Eastern Mediterranean and Western Balkans, as well as celebrate the strongest US-Greek relationship in decades”, the state department said.
Under the 2019 defence agreement between Athens and Washington, the two nations have expanded bilateral activities at Larissa and Stefanovikio to sustain cooperation at Naval Support Activity Souda Bay on Crete where significant US military forces are deployed.
The United States is also working together with Greece on expanding regional cooperation, through the “3+1” diplomatic mechanism with Greece, Cyprus, and Israel.
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Norwich City 0 Southampton 3 (Ings 49', Armstrong 54', Redmond 79')
Points about the fast fashion industry Celine Hajjar wants everyone to know
- Fast fashion is responsible for up to 10 per cent of global carbon emissions
- Fast fashion is responsible for 24 per cent of the world's insecticides
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- 27 million fast fashion workers worldwide suffer from work-related illnesses and diseases
- Hundreds of thousands of fast fashion labourers work without rights or protection and 80 per cent of them are women
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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
Generational responses to the pandemic
Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:
Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.
Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.
Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.
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