Category: Economy

On April 25, 2015, Yanis Varoufakis, then Greece’s finance minister, returned from an emergency Eurogroup meeting in Riga, Latvia. The Greek finance minister faced intense criticism from his counterparts, as reported by international media such as Financial Times and Bloomberg. They accused him of irresponsible handling, wasting time, and grandstanding. The warning was clear: “Only…

The Greek government is facing mounting pressure to address the growing public dissatisfaction with tax burdens. While there have been reductions in certain taxes, overall fiscal pressures continue to rise. Key issues include the controversial living standards evidence used for taxation, which many consider unjust. The government has pledged to reduce these by 2027. Meanwhile,…

The first announcement regarding measures against tariff impacts and the post-Recovery Fund era has drawn attention, focusing on rent returns and pensioner support. However, new permanent measures announced by Prime Minister Kyriakos Mitsotakis include a significant aspect: the permanent increase of the Public Investment Program by €500 million. Referring to this increase, YPOIK, Kyriakos Pierakakis,…

Half a billion euros from the surplus of 2024 will be reinvested into the economy in the form of additional public investments, as announced today (April 22, 2025) by Prime Minister Kyriakos Mitsotakis and detailed by the economic cabinet during a press conference. The performance of last year’s budget was remarkable (a primary surplus of…

Many consumers are waiting until the last minute to stock up on essentials for tomorrow’s Easter feast, as prices traditionally drop in anticipation of a sellout. According to a report by ertnews, both the Varvakeio market in Athens and the Kapani market in Thessaloniki are experiencing less bustling activity compared to previous Easter celebrations. Consumers…

Purchasing a home continues to be a top priority for Greeks, as highlighted by a recent Alpha Bank survey that outlines the main reasons why individuals plan to acquire property in the near future. Of the 12% of Greeks planning to buy a home soon, the majority intend to use it as their primary residence,…

There’s a well-known proverb that says, “The weather was bad, so even the donkey ate it…” Perhaps this is the most fitting proverb to describe recent events in the American economy and politics—especially after Trump’s open attack on Powell, the head of the Fed. This latest episode deserves closer attention than anything else Trump has…

The global economic landscape is in turmoil as the world grapples with rising tariffs, inflation, and geopolitical tensions. In a bold move, the US has increased tariffs on China to an unprecedented 104%, signaling a significant shift in trade relations. Meanwhile, Greece faces its own set of challenges, including stagnation in competitiveness and concerns over…

European Union leaders, including European Central Bank President Christine Lagarde, discussed competitiveness, fiscal policy, and the digital euro. According to the conclusions of the Euro Summit, partners decided to enhance resilience and competitiveness by implementing policies that boost productivity and increase investments. Leaders emphasized the urgency for rapid progress towards a Savings and Investment Union…

In a recent statement, Greek Minister of National Economy and Economic Development, Kyriakos Pierakakis, highlighted the historic shift towards protectionism following the U.S. government’s announcements regarding new tariffs imposed by President Trump. Pierakakis emphasized that this move represents a drastic change in how the global economic system has functioned for decades. He stated that it…

In an interview with Live News on March 27, 2025, Greek Minister of Labor and Social Insurance, Niki Kerameos, discussed the recent increase in minimum wage, which rose to €880 per month starting April 1, 2025. This marks the fifth increase since 2019 and represents a significant step toward equalizing pay between the public and…

In a symbolic visit to the Ministry of Labor, Greek Prime Minister Kyriakos Mitsotakis highlighted the implementation of the fifth consecutive increase in the minimum wage. Effective today, the minimum wage rises to €880, up from €650 in 2019, with a target of reaching €950 by 2027. Mitsotakis emphasized that while the increase doesn’t solve…

On Wednesday, during the cabinet meeting under the leadership of Prime Minister Kyriakos Mitsotakis, Greece is set to finalize a new increase in the minimum wage, effective from April 1st. After a period dominated by political and social agendas due to the Tempi tragedy, which caused significant disruptions in the political landscape, the Mitsotakis government…

On March 26, 2025, during a meeting of the cabinet, a new increase in the minimum wage will be announced, set to take effect from April 1. The increase, alongside a series of tax cuts to be gradually implemented through September, targets the middle class—a group the ruling party seeks to reconnect with amid challenging…

In a recent interview with SKAI, Finance Minister Kostis Hatzidakis discussed the government’s plans for tax reductions expected to be announced in September during the Thessaloniki Event. The final decisions by the EU regarding the activation of the escape clause for defense spending will significantly impact the extent of possible tax cuts. “We are studying…

Today, March 26, 2025, Prime Minister Kyriakos Mitsotakis is set to announce the new minimum wage following a cabinet meeting and presentation by Labor Minister Niki Kerameou. The new minimum wage will take effect on April 1, 2025, impacting private sector workers currently earning €830 gross. This year marks the first implementation of the new…

A new subsidy program has been initiated to assist small and medium-sized enterprises (SMEs) and self-employed professionals in upgrading their cash registers. This initiative comes ahead of the expansion of the direct payment system IRIS and the full implementation of electronic invoicing by mid-year. The Ministry of National Economy and Finance, according to ertnews, is…

The government is planning new tax cuts, armed with a strategy to combat tax evasion and exploit loopholes in defense spending. During Prime Minister Kyriakos Mitsotakis’s visit to the Ministry of Finance on March 17, 2025, both he and Finance Minister Kyriakos Pierakkakис emphasized the battle against tax evasion. This proven ‘recipe for success’ from…

In response to citizens’ questions about the new minimum wage increase, the Minister of Labor and Social Security, Niki Kerameos, has provided answers through a series of informative videos published on social media. The new 6.02% minimum wage increase for 2025 takes effect today, Tuesday, April 1, 2025, benefiting over 1.6 million citizens. Here are…

The minimum wage will increase by €50 from April 1st, reaching €880 gross, as announced yesterday (March 26, 2025) by Prime Minister Kyriakos Mitsotakis. Today, the Minister of Labor and Social Insurance, Niki Kerameos, is holding a press conference to elaborate on the changes following the new minimum wage hike. This increase will also raise…

The announcement by ELSTAT regarding February’s inflation revealed a bleak reality concerning housing costs: rents increased by 9.9% during the specified period. In fact, this increase in rental prices is the largest since at least October 2021—not because there was a higher increase back then (it was merely 0.3%) but because prior to that period,…

A series of five consecutive wage increases in both the private and public sectors will begin next month (April). Those benefiting include workers earning the minimum wage, recipients of unemployment benefits from OAED, employees working overtime, all public sector employees, and especially uniformed personnel. The most significant increase will be the rise in the minimum…

A new opportunity for mass inclusions of up to 78% more borrowers, primarily from the middle class, is now available under the provisions of a bill submitted by the Ministry of Finance on April 1, 2025. This economic initiative aims to double income, asset, and deposit criteria for inclusion in the out-of-court settlement mechanism, thereby…

A dramatic worsening in the ability of freelancers and farmers to settle their debts through payment plans has been revealed by EOPYY data. According to recent statistics, the ratio between collections from overdue insurance debts via payment plans and those collected outside such arrangements (e.g., through seizures) reached a one-to-one ratio in December 2024. Specifically,…

The payment schedule for the period of March 31 to April 4, announced by the Ministry of Labor on March 29, 2025, outlines a total disbursement of €76,800,171 to 120,756 beneficiaries through e-EFKA and the Public Employment Service. Specifically, from e-EFKA: On March 31, €3,800,520 will be paid to 10,190 recipients for April pension advances.…

The DBRS agency has upgraded Greece’s public credit rating to BBB with a stable outlook from BBB low with a stable outlook. This marks the second upgrade for Greece within the investment grade, following the December upgrade by the German agency Scope (BBB with stable prospects). According to DBRS, the upgrade reflects the belief that…

Speed is now the primary requirement to avoid bureaucratic delays of the past. As our country currently has tangible investment interest for hydrocarbon exploration from Chevron, the second-largest oil company after ExxonMobil, the focus shifts to the government and management company EDEYP. A ministerial decision will officially confirm this interest. Then, precise geographical boundaries of…

Promoting green growth and transitioning Greece’s economy and society toward a more sustainable future for all is a key strategic priority of the National Bank. As part of its ongoing support for actions aimed at improving the environment and quality of life, the National Bank actively participates in the Recovery Fund program managed by the…

The combined measures and policies of the Ministry of Development have resulted in Greece achieving the second lowest food inflation among Eurozone countries in March, according to the ministry. The Ministry of Development highlighted this achievement based on Eurostat data showing that Greece’s food inflation was at 1.7%, compared to the Eurozone average of 2.9%.…

A significant portion of Foreign Direct Investments (FDI) in Greece is directed towards services and real estate, while the shift to a more productive economic model lags in other sectors that could boost competitiveness. According to the Economic Developments Report by KEPE, despite improvements in Greece’s competitiveness rankings, gaps remain in digital transformation and related…

The year 2025 started positively for Greece’s economy according to provisional data released by the Bank of Greece on March 26, 2025. The report highlights a 7.5% increase in tourism revenue compared to January 2024. Despite this rise, there was a noted decrease in the tourism surplus. Specifically, the tourism balance recorded a surplus of…

Deposits from households and private non-profit organizations decreased by 396 million euros in February 2025, according to the ECB, compared to a decrease of 1 billion euros the previous month, while the annual rate of change remained almost unchanged at 3.0% from 3.1% the previous month. Additionally, deposits from businesses decreased by 1.3 billion euros…

With Moody’s upgrading Greece to investment grade, a painful 14-year cycle of debt crisis, memoranda, and recession finally and irrevocably closes. While these challenges are in the past for the Greek economy, Moody’s was the last of the major rating agencies to keep Greece in the ‘junk’ category. Following their recent announcement on March 14,…

On Friday, March 7, 2025, the credit rating of Greece was upgraded by DBRS, sparking celebrations within the government. Finance Minister Kostis Hatzidakis hailed it as a vote of confidence in the current economic policies. The upgrade to BBB (from BBB low) with stable outlook indicates that no further upgrades are expected within the next…

For the first time under the new development law, there will be a separate regime with a total value of €150 million for investment projects worth at least €2 million developed in border regions. This primarily concerns our Macedonia and Thrace regions, which we support with actions. We place great emphasis on reducing social and…

Minister of Development, Takis Theodorikakos, emphasized in an interview with SKAI that the development law focuses on investments in border areas and economically weaker regions. “Our goal is to strengthen industry, modernize agricultural production, and invest in research and innovation that offer competitive advantages,” he added. Theodorikakos noted that consultations begin on Monday (31.3.2025), with…

The Independent Authority for Public Revenue (AADE) has set an ambitious target to increase income tax revenue by €1.5 billion for the year 2025. According to the Strategic Plan 2025, unveiled on March 19, 2025, income tax revenues are expected to rise to €25.519 billion from €23.992 billion collected in 2024. In line with recent…

Greece faces challenges and weaknesses in implementing investments, according to the Governor of the Bank of Greece, Yannis Stournaras. A key prerequisite for increasing investment volume is the timely absorption of Recovery and Resilience Facility (RRF) funds, amounting to €36 billion. However, given the delayed disbursement profile into the real economy and the limited lifespan…

The relentless rise in public debt owed to individuals continues, with the ‘overdue debts’ increasing by €195 million, pushing the total debt to €2.5 billion compared to €2.3 billion in December 2024. According to data from the Ministry of Finance for January 2025, the ‘red debts’ of the public sector reached €2.511 billion. When pending…

A marginal increase of 0.60% was recorded in product prices in February 2025 compared to the same month in 2024, according to research from the Institute of Retail Consumer Goods Research (IELKA). Simultaneously, a 0.35% decrease in supermarket prices was noted over the rolling 12-month period compared to last year. Detailed findings from the IELKA…

Greek exports hit €4 billion in January 2025, marking a 2.2% increase compared to January 2024, according to data from ELSTAT processed by SEVE. In contrast, imports rose by 4.7%. Specifically, the value of Greek exports reached €4,097.1 million in January 2025 compared to €4,008.9 million in January 2024. Imports increased by €308.4 million, or…

On April 3, the Minister of National Economy and Economic Affairs intervened during a discussion regarding the imposition of tariffs by the U.S. in the context of the stock market protection bill at the Permanent Committee for Economic Affairs in Parliament. Minister Pierakakis stated that “yesterday’s announcements from the U.S. government clearly mark a historical…

The current horizontal salary increase of €30 for all public employees follows last year’s significant raise in compensation, according to an announcement from the Ministry of Finance. It is noted that last year, salaries for all public employees increased by €70 monthly, family allowances rose by €20 to €50, position responsibility bonuses and remote area…

This week, institutions such as the European Commission, ECB, and ESM will closely examine the sustainability of revenues generated from combating tax evasion. They aim to determine if these additional funds can support permanent tax cuts and reductions in social contributions. According to ertnews, the focus is on whether the extra income from curbing tax…

During the European Union Employment Council meeting held in Brussels on Monday (March 10, 2025), Greece’s Minister of Labor and Social Insurance participated. The council focused on the challenges of the aging workforce transition and explored incentives and systemic solutions to promote voluntary, longer-term employment for older workers. In her intervention, Niki Kerameos highlighted Greece’s…

Today, March 21, 2025, Development Minister Takis Theodorikakos and Agriculture and Food Minister Kostas Tsiafas met to discuss the increasing needs leading up to Easter. All market data was reviewed, along with upcoming actions to ensure smooth conditions ahead of the holiday. In the coming period, enhanced inspections by authorities from both ministries will be…

The number of the country’s workforce remains lower compared to the pre-crisis period, despite a significant reduction in unemployment, according to ELSTAT. The unemployment rate is calculated as the ratio of unemployed people to the total labor force, which includes both employed and unemployed individuals. According to data released by ELSTAT on March 4, 2025,…

In a historic achievement, Greek tourism reached unprecedented records in 2024, welcoming 36 million visitors and generating nearly €22 billion in revenue. According to detailed data released today by the Bank of Greece, tourist arrivals increased by 9.8% compared to 32.7 million visits in 2023. The revenue climbed to €21.7 billion, marking an increase of…

The delegation of the Executive Committee of ADEDY held a central discussion with Dimitris Stamatis, the President of the Board of Directors of the Deposits and Loans Fund. The meeting focused on housing issues for public employees and related regulations. Participants included Polymeoropoulos Vasilis, Panoutsakou Beta, Bratis Dimitris, Petropoulos Giorgos, and Kokkinos Haralambos. They requested…

Debt write-offs have reached €3.27 billion through out-of-court settlements to date. The average debt relief for public debts stands at 15.09%, while for financial institutions (banks and management companies), it reaches 30.4%. Notably, 48.6% of the settlements with financial entities (based on debts) received a write-off greater than 30%. The highest average write-off is observed…

While the increase in foreign direct investments in Greece is certainly welcome, it raises concerns about the high proportion allocated to real estate. According to data from the Bank of Greece for January 2025, foreign investments rose to €448.9 million compared to €355.1 million last year and €263.9 million previously. However, when nearly half of…

With an enhanced image of resilience, the Greek economy is heading towards tonight’s (14.03.2025) evaluation by Moody’s. The timing of this critical assessment, among all rating agencies, especially from the American Moody’s, couldn’t be more opportune as Greek debt remains buoyant without sinking. Firstly, the European debt crisis following discussions in the EU regarding increased…

The Piraeus Chamber of Commerce has expressed serious concern over the impact of U.S. President Donald Trump’s decision to impose new tariffs on European products, particularly affecting the Greek business landscape. This policy, aimed at reducing the U.S. trade deficit, directly and indirectly affects the European economy and Greek enterprises. The tariffs, targeting key sectors…

With the primary aim of reducing the so-called ‘gap’ and increasing state revenues by limiting tax evasion, the Independent Authority for Public Revenue (AADE) is implementing new changes to basic daily procedures. AADE’s director, George Pitsilis, announced some initiatives. By the end of 2022, we had a compliance rate of 13.7%. The goal is to…

The UK government, despite challenging economic conditions, remains determined to streamline public finances and is set to announce new budget cuts. This time, the cuts are targeting public administration following unpopular measures last autumn that affected pensioners, patients, and disabled individuals. Chancellor of the Exchequer Rishi Sunak, under significant pressure, will announce the new measures…

Members of the Bank of England (BoE) decided not to proceed with another immediate reduction in interest rates, as the central bank maintained its policy amidst a turbulent global landscape. The Monetary Policy Committee of the Bank of England voted 8 to 1 in favor of keeping the base rate steady at 4.5%. Most policymakers…

On March 23, 2025, a ‘technical meeting’ was held between officials and commercial lenders to prepare for potential market volatility following the official arrest of a key opposition politician. Specifically, central bank officials discussed possible coordination with banks and assessed recent sell-offs in Turkish markets, according to Bloomberg. The meeting marks one of the first…

The announcement of tariffs by U.S. President Donald Trump on April 2 signifies a radical shift in the post-war global trade landscape. The U.S. will impose reciprocal tariffs on all imports from all countries worldwide. This means U.S. tariffs on foreign imports will increase proportionally to those imposed by other countries on U.S. goods. For…

The radical overhaul of the post-war global trade landscape is signified by the tariffs announced on April 2 by U.S. President Trump. The U.S. will impose reciprocal tariffs on all imports from all countries worldwide. This means U.S. tariffs on foreign imports will increase by the same percentage as those imposed by other countries on…

On March 26, the President of the United States announced a 25% tariff on all car imports, escalating an ongoing trade war aimed at bringing more jobs to American manufacturing. These tariffs are set to take effect starting April 3rd at 12:01 PM Washington time, with additional components following by May 3rd. The White House…

The reversal of investment climate on Wall Street at the end of last week strengthened hopes that the US economy would avoid the worst outcomes threatened by Donald Trump’s policies. However, the prospects generated by Trump’s announcements, which led the US economy into turbulence in the past (with rising borrowing costs, stock market volatility, etc.),…

Federal Reserve Chairman Jerome Powell stated on Friday (07.03.2025) that the central bank may wait to see how President Trump’s aggressive policy actions evolve before moving again on interest rates. With markets on edge due to Trump’s proposals on tariffs and other issues, Powell reiterated recent statements advising patience in monetary policy amid high uncertainty.…

The value of imported goods affected by tariffs imposed by Trump since the beginning of his presidency is estimated at $1.4 trillion, according to Bloomberg. This figure is equivalent to five times the Greek GDP and surpasses the amount targeted during his first term when tariffs were primarily focused on Chinese products. Major corporations are…

The ongoing political unrest in Turkey, stemming from the arrest and subsequent conviction of Istanbul Mayor İmamoğlu, has placed the country’s economy in a critical state. According to a report by the United Nations (published December 4), Turkey’s economy is projected to grow by 3.5% in 2024 and 2.6% in 2025 as necessary macroeconomic stabilization…

Core prices remained unchanged in February, providing some relief amid fears about tariffs, according to the Labor Statistics Bureau on March 13, 2025. The Producer Price Index, a leading indicator of U.S. inflation, showed no gains for the month after a revised 0.6% jump in January, as per seasonally adjusted data. Economists surveyed by Dow…

In 2024, the U.S. imported goods worth $1.2 trillion, surpassing exports and marking an annual trade deficit record, posing a significant economic challenge for the American economy. On February 13, Trump announced that his administration would evaluate tariffs and other restrictions imposed on U.S. exports by other countries, proposing reciprocal tariffs. Tariffs of 25% on…

US President Donald Trump has implemented tariff increases on products from Mexico, Canada, and China as previously announced. Punitive measures of 25% on goods from Canada and Mexico will be enforced starting today, Tuesday, March 4, according to the White House. The announcement led to a sharp decline in stock markets. Trump also ordered a…

Inflation in Canada has surged at the fastest rate in eight months, following the expiration of a sales tax holiday that had helped keep food and general merchandise prices in check. The consumer price index rose by an annual rate of 2.6% last month, marking the highest level since June and up from 1.9% in…

Inflation edged down slightly in February but remained well above the Bank of England’s target, likely keeping policymakers cautious as they consider further interest rate cuts. Consumer prices were 2.8% higher in February compared to a year earlier, down from a 3% annual inflation rate in January, according to data released on Wednesday (March 26,…

Inflation in the US fell more than expected to 2.8% in February, reinforcing the Federal Reserve’s intention to cut interest rates amid signs of slowing growth in the world’s largest economy. The annual consumer price index was lower than both January’s 3% and the 2.9% predicted by economists in a Reuters poll. Core inflation rose…

US President Donald Trump is set to announce tariffs on the automotive industry today (March 26, 2025), according to the White House, escalating his trade battle with global partners ahead of a broader tariff push next week. White House Press Secretary Caroline Leavitt stated that Trump will address from the Oval Office to detail his…

The services sector PMI index surpassed expectations in February, showing faster growth than anticipated. The ISM services PMI index rose to 53.5 units from 52.8 units in January, while economists polled by Reuters had forecast a decline to 52.6 units. It is worth noting that a reading above 50 units indicates growth in the services…

The European Central Bank (ECB) announced a 0.25% cut in interest rates, marking the 6th consecutive reduction. This is also the second rate cut within 2025. The central bank revised its inflation outlook upwards due to rising energy prices. Following this decision, the interest rates for deposit facility, main refinancing operations, and marginal lending facility…

While the constitutional review of Germany’s debt brake is considered by analysts as a ‘good’ scenario for the EU and global markets, there are reservations within Germany itself about how beneficial this would be for highly indebted European countries. One such country is Greece, as noted by renowned German economist Veronika Grimm during a parliamentary…

The President of the European Central Bank (ECB), Christine Lagarde, acknowledged on March 12, 2025, in Frankfurt, the difficulty in predicting the consequences of ‘shocks’ from tariffs and increased defense spending. The ECB may miss its 2% inflation target more frequently due to ‘exceptionally high uncertainty,’ Lagarde stated. A week after signaling a potential slowdown…

The investment and growth expectations index from the ZEW Institute for Germany rose to 51.6 in March from 26 the previous month. This marks the highest measurement since February 2022, surpassing the median estimate of analysts surveyed by Bloomberg, which stood at 48.3. The current conditions gauge also increased but less than expected. ZEW President…

Germany has delivered a double blow to the European Stability Pact, affecting both the current pact (effective since January 1, 2025) and the one that will be shaped after the activation of national escape clauses for increasing spending up to 1.5% based on the Commission’s recommendation through the White Paper published on March 19, 2025.…

As the market anticipates the upcoming ratings review of Greece’s economy by major credit rating agencies, trading activity in Greek bonds is gaining momentum. The DBRS rating update is expected by the end of the week, with the agency currently placing Greece in the BBB (low) category while maintaining a positive outlook. However, the decision…

A new factor of global market unrest has emerged this week amid uncertainty over US President Donald Trump’s trade policies. Concerns about the trajectory of the American economy have led to a decline in stocks and government bond yields (as of March 10, 25), with worries about the health of the US economy due to…

With a massive chart in hand, U.S. President Donald Trump announced on Wednesday evening – Greece time – the new round of the global trade war. He declared retaliatory tariffs on allies and adversaries alike, imposing import duties of 25% on vehicles not manufactured in the U.S. Describing April 2, 2025, as the Liberation Day…

President Trump signed an executive order tonight to impose mutual tariffs against both allies and adversaries of the US, aiming to balance trade inequalities. The tariffs initiated through executive action on Thursday (13.02.2025) will not take effect immediately, giving nations time to negotiate potentially new trade terms with the US, a White House official stated.…

US President Donald Trump continues to stir global economic unrest as he announced today that a 25% tariff will be imposed on all cars imported into the US. Specifically, Trump declared new 25% tariffs on vehicles ‘not made in the United States,’ while clarifying that there is ‘absolutely no tariff’ for cars produced domestically. These…

The tariffs that Donald Trump promised have now become a reality as the U.S. President imposes a 25% tariff on all foreign-made cars effective immediately! Concurrently, he announced a 20% tariff on products from the European Union and a 10% tariff on imports from the United Kingdom. These new tariffs by Trump are causing shockwaves…

Former ECB President Mario Draghi made a significant intervention with an article in the Financial Times titled ‘Forget the US, Europe Has Successfully Imposed Taxes on Itself.’ Draghi, former President of the ECB and Prime Minister of Italy, highlights the fragile recovery of the Eurozone and the potential for the US to impose tariffs. He…

On Wednesday, March 26, U.S. President Donald Trump announced the imposition of a 25% tariff on imported cars, escalating the trade war he initiated upon returning to the White House. This decision has sent ripples through international markets, with Europe, Canada, and Brazil labeling it as an ‘attack.’ Japan has warned it will retaliate with…

Following the shocking announcements that imposed tariffs globally, the White House has now announced which products are excluded. Specifically, the White House released a public list of items that will be exempt. Among these are: steel and aluminum products, as well as automobile parts already subject to tariffs, copper, pharmaceuticals, semiconductors, and lumber. Additionally, precious…

Much has been said and written about what will happen on April 2, the so-called ‘day of liberation’ as Trump calls it. On this day, the U.S. will impose tariffs case-by-case against all its trading partners, regardless of whether they are ‘friends’ or ‘enemies,’ who happen to have a trade surplus with the U.S. As…

Over the past 24 hours, European bonds have experienced a severe sell-off in the markets, with even the AAA-rated German 10-year bond nearing an unprecedented 3%. What is truly happening? Initial interpretations point to decisions by Germany’s CSU and SPD parties regarding massive increases in European defense spending, funded through new debt. This has led…

The heart of the Fed’s recent announcement, which kept dollar interest rates unchanged, was the phrase: ‘Uncertainty around economic prospects has increased.’ In further remarks to journalists, Fed Chairman Jerome Powell added that the economic impacts of Trump’s tariff policies remain unknown. Amid these conditions, EU leadership initiated a risky discussion on March 21, 2025,…

On March 12, in our analysis at Oikonomoklastika, we attempted to synthesize official data and statements from members of the Trump administration (and financial markets) to outline the framework of the tariff-based economic policy that is reaching a pivotal point tomorrow: the so-called ‘US Liberation Day.’ The reason for this attempt was the need to…

Following the logic of recent economic strategies, Trump’s administration has opted for a controlled economic downturn to address the US debt crisis temporarily. This decision aims to facilitate massive capital shifts from stock markets to government bonds, reducing yields on American securities and easing refinancing for a $7 trillion debt over the next six months.…

During yesterday’s (March 10, 2025) Eurogroup meeting, there was particular concern about not leaking the ‘ideas’ that have been placed on the table by finance ministers regarding a specific issue. This issue revolves around how member countries and the Commission will secure an additional three billion euros that von der Leyen wants to spend to…

Undoubtedly, everyone rejoiced at the announcement of Greece’s credit rating upgrade by DBRS. While expected, it was not guaranteed, especially since Moody’s still rates Greece as ‘non-investment grade.’ However, this doesn’t change the real debt situation amid entirely new bond market conditions. A glance at the rapid rise in yields for all Southern European countries…

While European leaders and Mr. Starmer (UK) are busy figuring out how to save their ally (Zelenskyy) in Kyiv, a new ‘bomb’ exploded in Washington. Trump, fulfilling his campaign promise, announced that he signed an executive order creating a state reserve with five cryptocurrencies. The globally known Bitcoin and Ethereum, as well as the less-known…