As the European Commission and EU member states continue to wrestle with proposals for some form of cap on the price of natural gas, Energy Minister Kostas Skrekas announced yet another package of measures aimed at cushioning the impact of high energy costs on Greek consumers
The rise in Greece’s trade deficit slowed further in August, but increased by a sizable 29.9 percent year-on-year, according to data released by ELSTAT on Friday.
The European Union is discussing how to reform the fiscal rules for its member states. The original rules, called the “Maastricht Criteria” for the deficit and the debt, appeared straightforward, in principle. They called for the deficit of a member state to remain below 3 percent of GDP a year, while the stock of debt should not exceed 60 percent of GDP.
As Prime Minister Kyriakos Mitsotakis headed to Prague for the meeting of leaders to discuss the European Political Community, hoping to share his concerns about Turkey with his counterparts, the issue of migration, one of the friction points between Athens and Ankara, was making headlines again in Greece.
The Finance Ministry tabled in Parliament on Monday the draft budget for 2023, in which Greece is seen growing by 2.1 pct in 2023 and securing a primary surplus of 0.7 pct of GDP, marginally below the stated commitments.
The latest living conditions published by ELSTAT on Friday shows that poverty resumed an upward trend in 2021 after a series of declines that started in 2014, with 2020 marking the most recent annual low.
The leaders of Greece’s three main parties have set out their policies, but also the political parameters, that will define next year’s elections.