PASOK’s new strategy of focusing on areas where the government has, in the public’s view, performed poorly and tabling legislative proposals that puts the government on the defensive appears to have caught the administration of Kyriakos Mitsotakis unprepared.
Scope Ratings completed the annual cycle of rating reviews for Greece with a positive move as it granted the first upgrade of the year and is the only agency that has moved Greece’s rating one step further into the investment grade territory.
The government is lining up interventions affecting the banking sector and the taxation system after finding itself on the receiving end of more pressure from the opposition, but also public dissatisfaction as exhibited in opinion polls.
The main takeaway from the meeting between Foreign Minister Giorgos Gerapetritis with his Turkish counterpart Hakan Fidan, last Wednesday in Brussels was that Athens and Ankara are in agreement over the need for restraint regarding any actions that cause tension and could, therefore, upset the positive mood between the two countries.
PASOK leader Nikos Androulakis has been engaged in a delicate balancing act this week, trying to keep the channels of communication with New Democracy and SYRIZA open but also attempting to show voters that his party is not willing to play second fiddle to either of its opponents.
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