As his government continues to slide in the opinion polls, Prime Minister Kyriakos Mitsotakis has pledged to impose a windfall tax on energy companies if they make excess profits from rising bills. He also ruled out snap elections or a change to the electoral law.
Price hikes are a growing source of concern for Greeks according to the latest opinion poll, which also suggests that support for the New Democracy government has slipped rapidly in the last few days.
The support package unveiled by the government last week already appears inadequate to contain the continuing surge in energy prices, leading industry and other pressure groups to join the opposition’s demand for stronger measures.
Russia’s invasion of Ukraine has triggered momentous changes in the Euro-Atlantic security strategy.
Comments by a government official appear to have doused expectations of snap elections before the summer, but speculation remains as lively as ever about an early vote later this year, possibly accompanied by another change to the electoral system.
Alexis Tsipras attempted to connect with pensioners on Friday – an electoral group with which his SYRIZA party has limited appeal, but which the opposition leader seems to believe he can entice given the current concerns about the cost of living.
The government is pinning its hopes on a new support package to blunt the effects of galloping inflation on households and businesses, but the opposition is accusing Prime Minister Kyriakos Mitsotakis of being too timid and missing the mark.
Prime Minister Kyriakos Mitsotakis is set to make a televised address on Wednesday to unveil his government’s latest attempt at combatting the cost-of-living crisis, but SYRIZA is trying to push the issue of Covid-related deaths back up the political agenda.
Details are emerging of the government’s plans for further economic support measures to cushion the effects of the war in Ukraine on inflation. With the cost set to balloon over the coming weeks, the stance adopted by the EU will be crucial in determining how far the Finance Ministry can go to counterbalance cost-of-living rises.
Athens is expecting a new political environment in its relations with Ankara, to retain open communication channels and a period of tranquility in the Aegean and the Eastern Mediterranean following the meeting between Kyriakos Mitsotakis and Recep Tayyip Erdogan in Istanbul, on Sunday.