Italy

The agreement involves an area from the southern end of the Otranto Channel to the Ionian Sea.

Dendias extolled the Greece-Italy partnership both on energy issues and migration.

It is unclear which part of Turkey’s Exclusive Economic Zone the minister was referring to as all drilling so far has occurred in the Exclusive Economic Zone (EEZ) of the Republic of Cyprus.

The Americans view Turkey as an unstable ally and are thus transferring strategic weight and focus to Greece, expanding the areas of military and economic cooperation.

The new regime will facilitate the sale of NPLs if they are systemic, which is to say that they exceed a certain substantial level and “clean up” the balance sheets.