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Cost of living
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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.
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PoliticsGreek Politics
Authorities ready energy "plan B" for potential supply disruptions as cost of living prompts strike High energy prices and the risk of a disruption in the supply of natural gas from Russia have prompted a series of crisis meetings involving the prime minister and the energy minister with the regulator and the energy companies to put together a strategic response for tackling potential energy shortages.
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PoliticsGreek Politics
Parties re-work strategies as clearer picture emerges for election run-up There is widespread acceptance among the Greek media and political commentators that Prime Minister Kyriakos Mitsotakis has dropped any thoughts of holding snap elections in the coming months, partly as a result of the battering his New Democracy party is taking due to the cost-of-living crisis.
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PoliticsGreek Politics
KINAL leader gains confidence as ND ratings wane Courted as a potential coalition partner by both left and right, KINAL leader Nikos Androulakis continues to hold his cards close to his chest regarding his intentions in the event of a close run at the next elections. Recent statements offer a somewhat clearer picture about the role he sees his party playing in the future Greek political landscape.
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PoliticsGreek Politics
Inflation triggers political machinations, move to increase budget spending The government is set to submit a supplementary budget that will allow it to increase spending by as much as 2 billion euros compared to the initial budget for 2022, underlining the pressure that New Democracy is under to find solutions to the cost-of-living crisis, not only to help households and businesses but also to stop the party’s slide in opinion polls.
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PoliticsGreek Politics
Mitsotakis sweeps aside election talk as ND continues to suffer in polls For the second time in a week, Prime Minister Kyriakos Mitsotakis has flatly denied any plans to hold snap elections or to change the electoral law yet again after his New Democracy administration adopted a form of enhanced proportional representation (PR) after the next vote, which will be held under a pure form of PR.