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Newsletter 489 - 19/12/2025
reflects its effort to balance fiscal constraints — evident in the 2026 budget voted through... approved but familiar shortcomings temper government's economic recordThe 2026 budget was passed through... in 2026. Headline interventions include a universal two‑point drop in income tax, excluding the 9
6% -
Iran war creates turbulence for Greek tourism outlook
EconomyFeaturesmonths of 2026. The profile of these cancellations is particularly damaging. Routes connecting Athens... lowered its 2026 growth forecast to 1.9%, down from an earlier projection of 2.1%, citing geopolitical... notes that Greece has entered 2026 with a “sound” banking balance sheet and a strong primary surplus
6% -
Hope of economic, trade benefits drive Tsipras's landmark visit to Iran
PoliticsForeign Policythe agreement of Hellenic Petroleum (ELPE) to buy oil from the National Iranian Oil Co. will pave the way in the near future for the Iranian company to buy a share of ELPE. Greece, however, is not the only... with other EU member – states such as Germany and France. In fact, Iran has already agreed to buy 114
6% -
Greeks tending to shop less often and opt for local products
Societythat they went to the supermarket having already decided what they would buy, indicating a decline..., with 54.4 percent saying that they choose cheaper products, buy fewer items (63.4 percent), compare product prices in the store (81.5 percent) and buy only essential items (45.8 percent). When asked what
6% -
Government's focus on defence, plans for more procurements put opposition in tough spot
PoliticsGreek PoliticsFrench-made frigate. Athens agreed in 2021 to buy three new Belharra type vessels for a cost of 3... to buy 24 Rafale fighter jets from France as part of a wider defence pact that was hailed by Prime... not to sell Meteor missiles to Turkey. Dendias also agreed on Monday to buy 16 French Exocet anti-ship
6% -
The allocation of labor resources in Greece and the EU-27
Agora, albeit at a moderate rate. However in 2020, it leveled off again and began to slowly decline... again in 2020, perhaps related to the Covid-19 pandemic. At end-2020, the public sector employed 26
6% -
Credit in Greece contracts by 3.5 pct in August
EconomyMacroeconomystraight month. Net deductions eased to 263 million euros in August from 322 million in July
6% -
Nervous markets subject Greek stocks and bonds to a hammering
Economy10 percent. The daily turnover reached 263 million euros almost double the year to date average
6% -
Draft bill sees millions in savings and revenues from variety of bailout interventions
EconomyProgrammein 2016, 79 million in 2017, 157 million in 2018 and 263 million in 2019. The other interventions
6% -
ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come
Economyat 339 million. Alpha’s capital needs were the lowest under the baseline at 263 million and the second
6%