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Iran
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EconomyMacroeconomy
Greece braces for major inflation shock as Middle East standoff continues With the war in Iran far from settled and the main choke point for global energy and trade still in place - as the Strait of Hormuz remains essentially shut - newly released data points to a severe inflation shock for the Greek economy.
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EconomyMacroeconomy
Iran war begins to bite as costs rise and confidence falls The impact of the protracted Iran conflict is now filtering into the Greek economy and is reflected in hard data and sentiment indicators covering periods after the war began at the end of February.
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PoliticsForeign Policy
Greece and Germany seek to bridge gaps in strategic convergence The meeting between Greek Foreign Minister Giorgos Gerapetritis and his German counterpart Johann Wadephul in Athens on Monday offered an opportunity for both sides to reflect on the current state of Greek–German relations, which are marked by strategic convergence but also persistent divergences in priorities.
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PoliticsGreek Politics
Mitsotakis distances himself from Israel’s Lebanon offensive as industry warns of energy crunch PM Kyriakos Mitsotakis has sought to reframe Greece’s perspective on the evolving situation in the Middle East, taking a more critical view of Israel’s actions in Lebanon while still trying to maintain a strategic balance as a partner in regional security.
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PoliticsForeign Policy
Greece aiming to strike strategic balance in Persian Gulf Greece’s role in the evolving conflict environment surrounding Iran and the broader Persian Gulf region reflects a careful and deliberate balance between active engagement and strategic restraint.
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EconomyFeatures
Iran war creates turbulence for Greek tourism outlook The Iran war has introduced a level of volatility into the Greek tourism sector not seen since the pandemic in 2020. Four weeks into the conflict, the effects are already visible: jet fuel costs have doubled, pushing airfares higher, while the paralysis of Middle Eastern aviation hubs has severed vital connections to the East.
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PoliticsForeign Policy
Athens balancing diplomacy and defence amid Middle East turmoil The escalating conflict environment in the Middle East - with Iran and the Gulf at its centre, as well as its indirect spillover into other active fronts such as the Russia–Ukraine war - is creating a dense and increasingly difficult set of challenges for Greece.
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EconomyMacroeconomy
Greece braces for price shockwaves from Iran amid weakening purchasing power As the conflict in Iran shows no sign of easing, and with damage to energy infrastructure in the Middle East estimated to have reduced production capacity by roughly 30–40 percent - repairs that could take years to complete - it is becoming evident that the world will face unsettled energy markets and volatile prices for some time, even in the more benign scenario of a swift end to the war.
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PoliticsForeign Policy
Greece positions itself as a pillar of European and NATO security The recent escalation in the Middle East and Greece’s rapid operational response have renewed attention on the European Union’s mutual defence framework, while simultaneously highlighting Athens’s strategic role within both NATO and the broader regional security architecture.
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PoliticsGreek Politics
PM unveils 300 mln support package, pairing economic relief with major defence upgrade The government moved on two fronts on Monday, announcing a 300-million-euro package of targeted support measures while simultaneously approving a 5-billion-euro defence programme designed to strengthen Greece’s deterrent posture amid escalating tensions in the Middle East.