A New Norway, but in the Mediterranean is the title of Handelsblatt’s article about Greece’s hopes of solving the economic crisis by exploiting the mineral wealth of the country.
According to the financial newspaper, no one is able to speak of the amount of Greek oil and gas emitted from underground. Former Deputy Minister of Environment, Energy and Climate Change Yiannis Maniatis, stated that by autumn 2013 an insight into storage will be provided and till the end of summer 2014 the first license for exploitation will be given.
Athens and Ankara disagree however on the exploitation of gas and oil in the Aegean. Regarding the economic zones in Southern Greece. There are also agreements that must be signed with Egypt and Libya.