Economic Challenges and Opportunities: Greece’s Trade Deficit, Infrastructure Projects, and More

The European Commission has raised concerns about Greece’s trade deficit, predicting it will reach -15% of GDP by 2025. Despite efforts to change the production model and boost exports using Recovery Fund resources, the balance of payments continues to deteriorate. Meanwhile, infrastructure projects like the new railway line from Thrasy to Sphinx in Boeotia are underway. In other news, the Viva Wallet saga may conclude in July as the UK court decides on J.P. Morgan’s bid. Energy-related issues persist with significant power outages occurring in Europe, highlighting grid vulnerabilities. Additionally, a major correction in global oil stock estimates by the International Energy Agency underscores data reliability challenges. Germany’s economic policies also raise questions about future investments and their implications for Greece. Lastly, demographic measures aimed at reversing declining marriage and birth rates remain ineffective thus far.