Speaking to the electorate, Alexis Tsipras, leader of the opposition SYRIZA-PS, said that “the salary is not enough even to pay electricity bills and two trips to the supermarket, so it needs to be increased to 800 euros.” Greek society needs resurrection measures, not crucifixion measures. “Greek society requires breath and perspective,” said Alexis Tsipras, […]
Tag: a crisis
6 out of 10 Greeks say they spend less on Christmas shopping than last year
Six out of ten Greeks say they will spend much less on Christmas shopping than they did last year. The reason is rising prices and higher energy costs, as well as fears of contracting the coronavirus. Changes in consumer buying habits over the past year, the impact of inflationary pressures on disposable income and, as […]
EU Commission expects Greece to grow 7.1% in 2021
The European Commission predicted strong growth for Greece – at 7.1% in 2021 and 5.2% in 2022 – in its autumn economic forecasts released on Thursday. Revising their forecasts for 2021 upwards from those published in July (4.3%), and slightly downwards for Greece for 2022 (from 6%). The commission’s report coincides with a report by […]
UN Warns World of Coming Crisis
A global water crisis threatens the planet. More than 5 billion people will have limited access to water, the United Nations warns. Climate change is steadily leading to a global water crisis, according to an October 5 UN World Meteorological Organization report, the Associated Press said. It states that over the two decades since 2000, […]
Opposition leader calls government economic policy “irresponsible”
The center-right government’s policies to tackle the country’s economic problems are “irresponsible, if not criminal,” opposition leader Alexis Tsipras told business and industry representatives in the northern port city of Thessaloniki on Thursday. “The government’s strategy of simply following coordinated action, especially in the energy sector, but not interfering, while constantly claiming that the market […]
When Greece comes out of the junk – analysts’ forecasts
The recent upgrade of the S&P rating gives hope that Greece can return to the investment category in 2022, that is, 12 years after its rating was downgraded to junk. Greece’s goal of breaking out of the low rating and returning to the investment category in 2022 is now considered achievable, as the unexpected rating […]