
Greek diplomacy continues to focus on the country’s exact participation and extended role in a pending EU military operation in the Red Sea, as Athens has already proposed that the headquarters for the mission be based in the central Greece city of Larissa and for a prominent role in the command structure.
The European Union’s defense ministers last week agreed to field an operation, code-named “Aspides”, in the Red Sea against rebel Houthi attacks on shipping.
Along those lines, DM Nikos Dendias on Monday received Italy’s new ambassador to Greece, Paolo Cuculi, at the ministry, with the latter side subsequently announcing that the meeting touched on security challenges in the wider region, in tandem with the need to respect international law and the Law of the Sea convention.
Dendias also reportedly expressed his thanks for Rome’s support to base the Aspides operation’s HQ in Larissa.
The Greek government has already announced that it will contribute a Hellenic Navy frigate to the operation, as well as having contacts the US-led “Prosperity Guardian” operation, also in the Red Sea.
In a related development, Italian Deputy PM and Minister of Foreign Affairs and International Cooperation Antonio Tajani was quoted in Sunday’s Corriere della Sera as saying the land-based command of Aspides will be assigned to Greece, with Italy assuming command of the seaborne portion.
The Italian navy is expected to participate with initially with the destroyer Caio Duilio, along with naval assets from France, German and, as previously stated, Greece.
Unconfirmed reports have the deputy commander at the proposed Larissa HQ being selected by France.
Στη σημερινή μας συνάντηση με τον νέο Πρέσβη της Ιταλίας, κ. Paolo Cuculi συζητήσαμε για την ενίσχυση της διμερούς συνεργασίας στον αμυντικό τομέα καθώς και μεταξύ των οικοσυστημάτων αμυντικής καινοτομίας των δύο χωρών.
Ανταλλάξαμε, επίσης, απόψεις για τις προκλήσεις ασφαλείας… pic.twitter.com/26RGu4zhsf
— Nikos Dendias (@NikosDendias) February 5, 2024


Latest News

Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy

EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.

The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)