Greece’s Consumer Price Index (CPI) growth modestly decelerated in June with a rise of 4.4 percent year-on-year (YoY), from 5.2 percent in the previous month, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
The Ankara NATO summit has produced sharply divergent readings in Athens, with the government presenting PM Kyriakos Mitsotakis's performance as a firm defence of national interests and the opposition arguing it exposed the failure of Greece's "calm waters" approach toward Turkey.
From Greece’s perspective, the NATO Summit in Ankara that concluded on Wednesday delivered a mixed but strategically important outcome.
Greece’s trade deficit continued its sharp decline in May with a 15.7 percent year-on-year (YoY) drop, after a fall of 25.2 percent in April, according to data released by ELSTAT on Wednesday.
Greek officials have pushed back against the suggestion that US President Donald Trump plans to lift sanctions on Turkey allowing it to return to the F-35 procurement programme, in response to hints dropped by the president at the NATO summit in Ankara.
Over recent weeks, pressure on Maximos has begun to converge from multiple directions: Antonis Samaras has escalated his personal confrontation with Kyriakos Mitsotakis over the Predator surveillance scandal and Alexis Tsipras’s new party, the Greek Left Alliance (ELAS), is simultaneously attacking the government’s economic narrative and grappling with the challenge of presenting a credible, fully costed alternative.
There are increasing signs that the upcoming elections are playing a dominant role in the Greek government’s decision‑making process, and last week’s decision to scrap an intervention on bereavement support (known in Greece as “widows’ pensions”) sends a strong signal that the prospect of calling snap polls after the summer is not a remote possibility.
The deadly arson attack in Thessaloniki has prompted the government to elevate security and political violence to the top of the national agenda, reviving its long‑standing “law and order” doctrine.
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