As Kyriakos Mitsotakis awaits upcoming political moves, the government has been signaling two pivotal milestones to mark a governmental restart. These include the prime minister’s speech in parliament addressing dilemmas and setting agendas for the next day, followed by a cabinet reshuffle after the new President assumes office. This reshuffle aims to prepare for the challenges of the next two years leading up to the 2027 elections.
The difficulties of restructuring are evident as the prime minister struggles after nearly six years in power to rejuvenate his team. With limited options for new ministers and the need for substantial changes, the focus shifts to leveraging the strengths of current members. Key questions remain about replacements in crucial roles, such as who will succeed Staiouras at the Ministry of Transport.
Meanwhile, international dynamics are shifting with Ursula von der Leyen emphasizing defense bonds over ESG investments. This marks a significant change towards enhancing European defense capabilities through investment in military systems and cybersecurity. In financial markets, volatility persists with movements in major indices like Germany’s DAX and fluctuations in gold prices.
Additionally, notable transactions involve BlackRock acquiring stakes in Panamanian ports, while Paulson & Co continues divesting from Greek banks like Alpha Bank and Piraeus Bank. The energy sector also sees developments with HelleniQ Energy reporting increased profits due to insurance claims following operational disruptions.
On the real estate front, the Asane building in Corfu is finally put up for auction amid concerns over its structural integrity posing risks to the public. Meanwhile, shipping companies implement measures post-explosion incidents involving tankers, highlighting enhanced security protocols.
These developments underscore complex economic and political maneuvering both domestically and internationally.