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Phone-tapping scandal causing ripple effect across political scene
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.
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Exit from enhanced surveillance nears, but fiscal commitments bind Greece until 2060
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.
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Budget primary balance beats target by 4.64 bln in July on back of impressive tax performance
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.
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Politics
Political impact of spying revelations unclear, as drip-feed of information continues
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.
ND struggles to shift spotlight away from wiretapping fallout
PASOK and SYRIZA turn up heat on govt as surveillance case realigns political forces
Economy
Import price rise slows to 32.8 pct in June, index posts first MoM drop since Nov
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.
Vehicle sales record back-to-back annual drop of 2.7 pct in July
Growth of industrial production accelerates to 8.4 pct in June, highest rate for 2022
Society
From the National Energy and Climate Plan to COP26: What has Greek climate policy learned?
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.
Impact of pandemic, lockdowns reflected in lower household spending during 2020
Short-term fix for electricity bills leaves open questions for green transition strategy
By:
Agora
Where is Odysseus? Part 5 - Productivity
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.
Where is Odysseus? Part 4 - Unemployment and Employment
Broad impact of inflation crisis becoming clearer