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PM aims to divert OPEKEPE inquiry as he signs up to SAFE scheme
The OPEKEPE scandal is back at the top of the political agenda as Parliament is due to debate on Tuesday how to deal with the two ex-ministers identified in the European Public Prosecutor’s Office (EPPO) into the farming subsidy scandal.
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Greece digests EU-US trade deal amid mixed reaction
The uncertainty around EU-US trade relations has been lifted after the announcement of a deal by the US President and the head of the European Commission following meetings held in Scotland.
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Building activity continues to slide in Apr, 4M permits down 26 pct YoY
Building activity continued its slide in April with a drop of 17.3 percent year-on-year, after the collapse of 41.3 percent YoY seen in March, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday.
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Primary surplus at 4.52 bln by Jun thanks to strong taxes, contained spending
The budget primary balance was confirmed at a surplus of 4.52 billion euros up to June, compared to a surplus of 2.91 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday.
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Politics
Mitsotakis pledges faster reforms as polls capture disaffection after subsidy scandal
A revised government action plan promising tangible reforms for the second half of the year was PM Kyriakos Mitsotakis’s parting gift to the cabinet at the start of the summer recess, as the latest polling figures show the public is losing faith in the administration.
PM pledges water reform in bid to avert scarcity crisis
Mitsotakis shrugs off scandals to hit back at foreign policy critics
Economy
Lending to corporations drives strong credit expansion of 10.2 pct YoY in Jun
The credit expansion in the Greek private sector remained solid in June, rising by 10.2 percent year-on-year (YoY), from 11.3 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed.
Jump in corporate deposits takes balance to highest since Jan 2011
Travel receipts maintain momentum in May with 17.7 pct YoY rise
Society
Survey of 2023 household budgets highlights lasting effects of debt crisis
The latest household budget survey for 2023 was released by ELSTAT and it shows that inflation continues to have an effect on spending, while the long-lasting impact of the debt crisis is still prominent.
Inequality rises marginally in 2023, with 1.9 mln Greeks at risk of poverty
Workers lost almost 9 pct of real income last year, research shows
Agora
Podcast - Subsidise this: Fraud scandal delivers new blow to Greek PM
Anyone hoping for a calm summer in Greece just had their hopes dashed. A political storm is engulfing Athens, with four government officials already ousted amid a deepening scandal tied to the misuse of EU agricultural funds.
Fet-a-ccompli: Tariffs and Greece’s big cheese
Athens and Berlin have reasons to take a closer look at each other