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Athens eyes GSI workaround to avoid dispute with Turkey
Ministers in Athens deny that they will comply with fresh Turkish demands before work recommences on the undersea electricity cable connecting Greece and Cyprus, with plans on the table for the French majority owner of the project to take the lead in resolving the diplomatic bind.
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New Democracy weathers the summer as PASOK attacks RRF delivery record
The first post-summer poll found the electoral landscape little changed since June, with New Democracy maintaining a dominant position, and the enthusiasm for newly launched parties ebbing.
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Credit expansion growth slowed to 6.8% in July due to loans to businesses
Credit expansion in the Greek private sector slowed in July, rising by 6.8 percent year-on-year (YoY), from 7.7 percent the previous month, Bank of Greece (BoG) figures released on Thursday showed.
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Deposits drop by 2 bln in July, driven by corporations
Private sector deposits moderated in July, with a net outflow of 2 billion euros, after a solid rise of 8.57 billion euros in June, according to the latest Bank of Greece (BoG) figures released on Thursday.
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Budget continues to perform strongly in July as VAT beats target by over 1 bln
The budget primary balance was confirmed at a surplus of 5.77 billion euros for July, compared to a surplus of 7.94 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
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Politics
Seabed surveys for GSI set to pose next test in Greek–Turkish relations
The planned resumption of seabed surveys for the Great Sea Interconnector (GSI) is rapidly emerging as the next major test in Greek–Turkish relations, as Athens prepares to restart work on the electricity link between Greece and Cyprus while rejecting Ankara’s assertion that activities in parts of the Eastern Mediterranean require prior coordination with Turkey.
Government sets out post‑RRF priorities amid foreign policy unease
PM faces fresh pressure as Turkish ties fray, pre‑election politics resume ahead of TIF
Economy
Travel balance moderates in June as spending per trip drops by 6.2% YoY
Greece's travel balance recorded a surplus of 3.12 billion euros in June, compared to 2.02 billion euros in May, according to data released by the Bank of Greece (BoG) on Friday.
Energy propels rise of 19.6% YoY in June industrial turnover
Current account deficit improves in June, rises to 9.54 bln in first half of year
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
Podcast - Has Greece fully recovered from the crisis?
Greece has come a long way since the dark days of 2015, but has it fully recovered? In this episode of The Agora, Nick Malkoutzis speaks with Peter Sanfey and Dimitris Sourvanos, authors of the new Hellenic Observatory paper Out of the Abyss, to unpack Greece’s decade‑long journey from crisis to stability.
The World Cup, Argentina and Europe’s quest for moral clarity
Greek firms should embrace ESG and DEI despite US-led policy reversal