Government officials are targeting the Thessaloniki International Fair (TIF) in early September, when Prime Minister Kyriakos Mitsotakis will announce more cost-of-living relief measures, as an escape from the mounting pressure caused by the spying scandal.
Greece is a step away from exiting the enhanced surveillance regime, the monitoring regime that was introduced after the completion of its third bailout, which is due to expire on August 20.
The budget primary balance up to July 2022 came to a deficit of 1.17 billion euros, compared to a deficit of 9.06 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.
More revelations about the phone-tapping scandal threatening to engulf the Mitsotakis government are expected to surface in the coming days, leading up to the reopening of Parliament and the initiation of the inquiries looking into the affair.
Greece’s import price index grew at a solid pace in June, recording a rise of 32.8 percent year-on-year (YoY), according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
A lot has happened in the two years since Kyriakos Mitsotakis, freshly elected as Greek PM, took to the stage at the UN General Assembly in 2019 to launch “a new, ambitious, national strategy on energy and climate change” for Greece, a strategy which was outlined and quantified in the National Energy and Climate Plan adopted a few months later.
As in our previous four monthly blogs, we continue to trace the progress of modern-day Odysseus, who started a long voyage in 2018 to help bring Greece back home to a sustainable and prosperous economy. He is seeking to navigate the winds of a high debt ratio of 185 percent of GDP towards a debt ratio of 60 percent of GDP. The Plan that Odysseus had developed in 2018 is described in a book on the macroeconomy of Greece.