Greece, Italy and Cyprus reached an agreement with Israel for the construction of a pipeline linking the gas reserves of the Jewish state with the three countries, a major project that is estimated to cost over $ 7 billion, according to the Times of Israel newspaper.

The concern of investors for banks in southern Europe is peaking, as they fear a new crisis after the developments in recent days in Greece and Italy, says Handelsblatt.

Greek Prime Minister Alexis Tsipras will have a marathon of international meetings in the first half of January. According to IBNA, on January 8, Alexis Tsipras will be in Cyprus to participate in the tripartite summit of Greece, Cyprus and Israel, on January 10th in Rome for the summit of the heads of state and governments of the Mediterranean countries of the EU, and will visit Cyprus again, on January 16, for the first tripartite Summit between Cyprus, Greece and Jordan.