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Cost of living
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PoliticsGreek Politics
Mitsotakis fast-tracks energy package announcement on eve of party conference After weeks of speculation, the government is set to announce a much-enhanced subsidy package which promises to shield households and businesses from skyrocketing energy bills.
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PoliticsGreek Politics
SYRIZA on front foot over energy prices as poll gap narrows further Until the government announces a reported 5-billion-euro package of measures aimed at containing energy prices, SYRIZA senses that it has an opportunity to erode further New Democracy’s lead in the opinion polls by appearing more proactive than its rival.
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PoliticsGreek Politics
Govt counts cost of own energy package as hopes of coordinated EU response fade Ministers in Athens are working on an enhanced support package to tackle high energy prices after the government’s proposal for an EU solidarity fund against inflation failed to gain backing at Monday’s meeting of energy ministers.
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PoliticsGreek Politics
Under increasing domestic pressure, govt awaits EU signs for response to energy security threat Russia’s decision to act on its threat to cut off gas flows to Poland and Bulgaria in a row over sanctions has sharpened the government’s focus on the security of national energy supplies.
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PoliticsGreek Politics
PM goes big on minimum wage increase, but opposition unmoved Prime Minister Kyriakos Mitsotakis has been pinning his hopes on a pre-Easter minimum wage rise to boost the fortunes of his party which is being blamed for skyrocketing energy bills and high prices.
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PoliticsGreek Politics
More fiscal space emerges for new energy relief package as parties jostle for support The government is hopeful that some welcome developments on the fiscal front will help fund the next relief package it aims to put together, cushioning the impact of rising energy prices and possibly recovering some of the public support it has lost in recent months.
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PoliticsGreek Politics
Govt eyes own energy package if EU fails to approve joint action Recognising that the cost-of-living crisis is its Achilles’ heel at the moment, the Greek government appears to be drawing up plans to launch its own scheme to contain energy prices if no joint action is agreed at EU level.
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PoliticsGreek Politics
Covid restrictions to be relaxed but public fixated on cost-of-living crisis The government trailed on Wednesday a new relaxation of Covid restrictions but a new opinion poll suggests the pandemic has slipped down the list of voters’ priorities and that, ahead of elections next year, New Democracy’s fate could be decided by the cost-of-living crisis.
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Economy
BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct In the governor’s annual report released on Thursday, the Bank of Greece (BoG) assesses the impact of the Ukraine conflict on Greek macro data, with the baseline scenario of growth now lower by one percentage point and inflation notably higher.
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PoliticsGreek Politics
Strike acts as focal point for cost-of-living frustration despite higher energy subsidies The first general strike during the current cost-of-living crisis was held on Wednesday, piling more pressure on the government, which potentially faces a renewed political threat from the formation of new right-wing movement by an ousted New Democracy MP.