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Tension between parties rising as election date approaches
The diplomatic handling of the Great Sea Interconnector (GSI) has become the biggest point of friction in an increasingly pre-electoral political climate, with the latest speculation pushing the election date into late spring.
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GSI diplomacy under scrutiny as Athens defends French role and opposition demands disclosure
The political dispute surrounding the Great Sea Interconnector (GSI) is increasingly shifting from events at sea to the diplomacy taking place behind closed doors.
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Wage growth continues, but Greece remains near bottom of EU rankings
Eurostat released its latest data this week on wages across the EU and housing affordability. For Greece, the figures highlight both steady nominal wage growth and a persistent gap with eurozone benchmarks, regional peers and broader EU averages.
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Industrial production rises by 0.6% YoY in Oct, as energy supply moderates
Greece’s Industrial Production Index (IPI) slowed in September, recording a modest 0.6% year-on-year (YoY) increase, following a 5.8% rise in the previous month, according to data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).
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Housing and energy keep upward pressure on prices as Oct inflation rises to 5.7%
Greece’s Consumer Price Index (CPI) accelerated further in October with a jump of 5.7 percent year-on-year (YoY), from a 5 percent sharp rise in the previous month, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).
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Politics
GSI puts diplomacy in EastMed to the test
The Great Sea Interconnector (GSI), the ambitious electricity project linking Greece, Cyprus and eventually Israel, is once again emerging as a potential flashpoint in the Eastern Mediterranean.
GSI work resumes amid domestic tension over possible concessions made by Athens
Mitsotakis and Tsipras try to define electoral battlefield as debt legislation row rumbles on
Economy
Fitch leaves rating and outlook unchanged, concluding positive year for GGBs
Fitch affirmed Greece’s rating at “BBB” with a stable outlook on Friday, concluding the autumn review cycle and a positive year for Greek government bonds (GGBs) on the ratings front.
Energy drives 21.7% YoY increase of in Sep trade deficit
NBG profits to Sep approach 1 bln as net interest income rises 5%
Society
OECD warns young Greeks face deep structural barriers to work, family and housing
The latest OECD report on the challenges faced by young people in Greece captures the complex landscape they must navigate and the hurdles they encounter in their efforts to achieve financial independence, find stable employment, start a family and secure housing.
EU report shows Greece entering new era of extreme ageing and population decline
Trust levels fall again as public perceptions trail economic progress
Agora
Gone girl, vanishing statecraft
The direction in which Kimberley Guilfoyle’s ambassadorship to Greece would go was clear from the moment last autumn when she stepped off the private jet of a Greek‑American businessman to take up her position in Athens.
Podccast - The Great Sea Interconnector and its high-voltage politics
Podcast - Economic gain, social strain and political pain: Greece’s road to elections