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Cost of living
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PoliticsGreek Politics
Demand for cost-of-living measures intensifies as opposition backs strike The skyrocketing cost of basic goods and lagging wages are at the centre of demands by unions which have gone on strike demanding for more effective government interventions.
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PoliticsGreek Politics
Slower growth nixes handout plans, fires criticism of ND's economic policies The latest GDP figures, which fell below expectations, seem to have put a halt to any thoughts of the government providing further handouts in the run-up to Easter, and have prompted an attack from the opposition over the government’s handling of the economy.
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PoliticsGreek Politics
Government focuses on cost of living and farming as polls confirm strong lead The protests of recent weeks have not dented New Democracy’s lead in the opinion polls, leaving Prime Minister Kyriakos Mitsotakis to focus on the areas which the government considers to be key to its continuing dominance, namely inflation, farming and managing the stealthy rise of the far-right vote.
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PoliticsGreek Politics
PM changes tune on inflation, ready to take further steps Prime Minister Kyriakos Mitsotakis has pledged more measures to combat inflation just days after his government intervened in a bid to contain the cost of living.
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PoliticsGreek Politics
Government pins hopes on new measures to control runaway price hikes The government’s latest raft of anti-inflation measures designed to tackle prices on supermarket shelves was tabled in Parliament this week. The New Democracy administration is promising tough enforcement against profiteering, but opposition parties continue to call for a more radical approach.
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PoliticsGreek Politics
Mitsotakis targets reforms, but day-to-day challenges set to dominate agenda in 2024 Having reaffirmed his government’s commitment to reforming and modernising Greece in his New Year message, the pressure is on Prime Minister Kyriakos Mitsotakis to show that New Democracy can deliver on this pledge during 2024 and maintain the political dominance it displayed in last summer’s general elections.
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PoliticsGreek Politics
Kasselakis sets sights on government over cost of living As the budget debate in Parliament builds up to Sunday’s vote, SYRIZA leader Stefanos Kasselakis has insisted that any progress the Greek economy has made over the last few years has come at the expense of average citizens.
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PoliticsGreek Politics
Government feels pinch from public's fears about high cost of living The growing concern among Greek households about rising prices, particularly for basic goods, has pushed the cost-of-living issue back up the political agenda and is putting greater pressure on the government, which wants to be seen to be taking action to combat any cases of profiteering or exploitation of market conditions.
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EconomyMacroeconomy
Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling The output index in agriculture recorded an increase of 28.7 percent year-on-year (YoY) in July, from 30.6 percent in the previous month, ELSTAT data showed last week, underlining the challenge households are facing with respect to food prices.
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Society
Workers lost almost 9 pct of real income last year, research shows The Greek economy’s debt legacy issues have been lasting despite some progress in the last few years and they were once again captured in the latest annual report published by the research arm of Greece’s largest union GSEE.