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Ministers defend fiscal package as opposition, professional and social groups push back
The government returned from the Thessaloniki International Fair determined to turn Kyriakos Mitsotakis’s 2.2-billion-euro package into a coherent political narrative.
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PM seeks balance between dialogue and deterrence as ties with Turkey falter
Athens is seeking to respond to the latest escalation with Turkey on two levels: by keeping communication channels open to prevent tensions from turning into a crisis, while at the same time making its red lines on sovereignty and sovereign rights explicitly — and increasingly — clear in writing.
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Seasonal factors shape employment balance in July as job departures dominate
Greece’s employment balance in July had 13,795 more departures than hires, according to data from the Labour Ministry’s ERGANI information system.
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Energy impacts trade deficit as July sees growth of 3.2% YoY
There was a reversal in the recent trend for Greece’s trade deficit in July thanks to a 3.2 percent year-on-year (YoY) rise, after a fall of 18.1 percent in June, according to data released by ELSTAT on Monday.
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GDP grows by just 0.3% QoQ in Q2, eases to 1.9% YoY
Greece’s seasonally adjusted (SA) GDP grew modestly in Q2, rising by 0.3 percent quarter-on-quarter (QoQ), from 0.2 percent increase in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Monday.
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Magdeburg shocks Berlin
The results of Sunday’s regional elections in the German state of Saxony‑Anhalt should not be seen as a surprise. The victory of the hard‑right Alternative für Deutschland (AfD) and the defeat of the governing Christian Democrats (CDU) had been signalled for weeks.
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Politics
Mitsotakis sets out his 2027 offer in Thessaloniki, raising election stakes
Prime Minister Kyriakos Mitsotakis used his appearance at the Thessaloniki International Fair (TIF) to deliver the most overtly pre‑election address of his premiership, unveiling a broad package of voter‑friendly measures for 2027 while setting out the political and geopolitical dilemmas he believes will shape the spring election.
Mitsotakis heads to TIF amid low expectations as ELAS elaborates on proposals
Tsipras sets out ELAS economic programme as government and PASOK launch criticism
Economy
DBRS leaves rating unchanged at 'BBB', ups outlook to positive
DBRS kept Greece’s credit rating unchanged at ‘BBB’ on Friday while upgrading the outlook from stable to positive.
Seasonal jobs push quarterly unemployment to 7.9% in Q2: lowest since 2008
Manufacturing grows in Aug thanks to rise in new sales: optimism highest since 2024
Society
OECD warns young Greeks face deep structural barriers to work, family and housing
The latest OECD report on the challenges faced by young people in Greece captures the complex landscape they must navigate and the hurdles they encounter in their efforts to achieve financial independence, find stable employment, start a family and secure housing.
EU report shows Greece entering new era of extreme ageing and population decline
Trust levels fall again as public perceptions trail economic progress
Agora
A summer tan can’t obscure Greek economic reality
“We are not in an economic disaster — everyone came back with a tan,” was the comment made by a prominent government minister on a morning TV show just a week ago, when he was asked about the pressures households are facing from the cost of living.