Kyriakos Mitsotakis is due to make a statement on Monday in response to the gathering spying revelations that have sent his government reeling and left the Prime Minister facing the toughest political challenge of his tenure.
After evading and playing down for weeks claims it was spying on journalists and political rivals, the government was rocked on Friday by the resignation of the Prime Minister’s general secretary, Grigoris Dimitriadis, and the head of the National Intelligence Service (EYP), Panagiotis Kontoleon, in what is shaping up as the biggest scandal yet during Kyriakos Mitsotakis’s tenure.
Greece’s Consumer Price Index (CPI) remained at record high levels in July, rising by 11.6 percent year-on-year, though it did slow down from the 12.1 percent seen in June, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).
Prime Minister Kyriakos Mitsotakis heads for his summer holidays on Friday knowing that upon his return he will have to decide with his ministers what relief measures the government will set out at the Thessaloniki International Fair (TIF) next month.
The rise in Greece’s trade deficit slowed down in June, but still increased by a sizable 42.7 percent year-on-year, according to data released by ELSTAT on Friday. This came after an 84.7 percent jump in May.
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.