Rental subsidy rekindles political debate over housing crisis
The government is sticking by the flagship measure announced this week to support renters financially amid accusations from the opposition that the intervention will have little impact.
European Union
PM charts course to third term with promises of more handouts
After springing an Easter surprise in the form of a support and investment package, PM Kyriakos Mitsotakis responded to rumours of snap elections by stressing that intends to stay the course in government and lead the battle for a third term. Officials are already outlining the next round of relief measures aimed at middle earners.
IMF leaves growth and fiscal estimates for Greece unchanged in latest outlook
The IMF released this week the latest macro and fiscal outlook in the context of the spring meetings. Its observations on Greece were in line with those in the recent Article IV consultations.
Mitsotakis launches mini-support package in bid to create positive momentum
PM Kyriakos Mitsotakis made a surprise post-Easter announcement on Tuesday, unveiling a handful of spending measures aimed at supporting vulnerable groups and boosting public investments. The move has intensified rumours of early elections, but government sources insist that more is on the way.
Strong set of 2024 fiscal data provides space for voter-friendly handout package
ELSTAT published on Tuesday the latest fiscal data for the 2021 to 2024 period, recording a significant primary surplus that was accompanied by an announcement from PM Kyriakos Mitsotakis of a surprise handout package worth 1.1 billion euros in support and public investments.
Industrial turnover declines marginally in Feb, led by mining and local market
Greece’s industrial turnover contracted in February, with a marginal drop of 0.3 percent year-on-year (YoY), from a 2.6 percent increase in January, according to data released by the Hellenic Statistical Authority (ELSTAT).
Travel surplus shrinks up to Feb as payments rise sharply
Greece's travel balance recorded a surplus of 90 million euros in February, compared to 87.5 million euros in January, according to data released by the Bank of Greece (BoG) on Tuesday.
Mitsotakis to resume tour of ministries as opponents struggle to gain traction
Prime Minister Kyriakos Mitsotakis’s return from his brief break for Easter also marks the resumption of his visits to government ministries as he tries to revive his administration’s fortunes, which have taken a beating since the start of the year.
Athens insists maritime spatial planning plans do not obstruct talks with Turkey
The Greek government presented last week the country’s maritime spatial planning (MSP) as part of its obligations towards a European directive (2014/89/ΕΕ) which has been sanctioned over by the European Court because of delays.
Feb current account deficit improves YoY to 2.49 bln as impact of energy moderates
Greece’s current account was in deficit in February of 2.49 billion, from a surplus of 1.2 billion euros in January, Bank of Greece (BoG) data showed.
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