Category: Politics/Economy

Discussions about early elections have intensified in Greece as the government attempts to address various issues, including wage increases for public employees. Despite these efforts, it is evident that the government’s functionality is under scrutiny, leaving many scenarios open for the future. Key figures such as Kyriakos Mitsotakis, Nikos Dendias, and Kostis Hatzidakis are positioning…

In his weekly address, Greek Prime Minister Kyriakos Mitsotakis discussed significant developments including Chevron’s interest in exploring hydrocarbons south of Crete, recognizing Greece’s Exclusive Economic Zone (EEZ). He also announced a rise in the minimum wage to €880 from April 1st, benefiting at least 1.6 million workers directly. Public sector salaries are also being adjusted…

Investments in dual-use infrastructure are currently under negotiation as part of activating the national escape clause for increased defense spending. According to sources familiar with ongoing discussions in Brussels, countries like Greece, Spain, and Italy are exploring ways to allocate additional fiscal space effectively. Greece, which already spends 3.1% of its GDP on defense (2024),…

The government reshuffle has brought Kyriakos Pierrikakis to the forefront as the chosen candidate by the prime minister to take on the ‘hot’ seat after Kostis Hatzidakis’s promotion. As the new Minister of Finance, Pierrikakis faces a challenging period marked by intense global realignments. Domestically, his predecessor set high reform standards, requiring double efforts to…

In the coming days, attention should be focused on Berlin rather than Brussels to glimpse the likely partial content of the announced application of the national escape clause using defense spending as a vehicle. This is because in Berlin, on Thursday, March 13, discussions will begin in the plenary session of the outgoing Federal Parliament…