The political system is in a state of vertigo as another poll from Marc for ANT1 highlights the deep crisis within the system and the confusion in society. Seven out of ten citizens believe the government is attempting to cover up issues related to Tempi, while the same percentage accuses the opposition of exploiting the tragedy. The government’s approval ratings remain similar to those during the European elections, with hope resting on new measures and initiatives, despite sabotaging some efforts like salary increases. Meanwhile, Zoe Konstantopoulou gathers significant social dissatisfaction, stabilizing in second place, while former opposition leaders, PASOK and SYRIZA, struggle.
In Western Macedonia, Prime Minister Kyriakos Mitsotakis and the DEH administration aim to convince locals of the value of new investments in employment and development. DEH’s multi-billion-euro plan includes investments in renewable energy, energy storage, and data centers in former lignite areas, emphasizing that Western Macedonia remains central to its future strategy.
Real estate prices appear to be stabilizing, but transactions are limited as buyers question the amounts they must pay. For example, properties from the 1970s in specific areas sell at high prices, making newer apartments even more expensive. Buyers often need to look outside central Athens for more reasonable prices.
Consulting firms have nearly tripled their revenues in Greece over the past six years due to state contracts. However, in the U.S., Elon Musk’s Department of Governmental Flexibility has requested cost reductions or cancellations of unnecessary contracts from top consulting firms, aiming for a 25-30% cost reduction.
Patience is advised regarding defense spending as details are finalized within April. The activation of the escape clause will not lead to excesses, according to the prime minister, suggesting restraint in discussions about broad fiscal space and additional benefits.
Meanwhile, Brussels reallocates regional development funds to strengthen defense, with significant portions destined for the ambitious ReArmEu project. Efforts are underway to gradually build entities capable of competing with U.S. counterparts. Despite challenges, tourism remains strong, with American visitors increasing significantly, boosting revenue for airlines like Aegean Airlines.
Other developments include GEK Terna’s repayment of a €120 million bond, Trade Estates’ logistics projects, and various financial and corporate updates such as Attica Bank’s consolidation plans and Vivartia’s acquisition of Jackaroo. Additionally, a recent earthquake in Myanmar disrupted China’s solar panel production, causing short-term price increases and reduced availability globally.