Christmas 2025: Government rules out “cost of living allowance”
Greece’s government spokesperson rules out emergency Christmas allowance for 2025, citing lack of fiscal room and focus on sustainable economic policies.
Economy
Greece plans to raise up to €8 billion from bond markets in 2026
Greece targets €8 billion bond market funding in 2026, maintaining fiscal discipline while continuing debt reduction from its financial crisis recovery.
New sickness benefit for freelancers – How to calculate it
Greece introduces new sickness benefit for freelancers and self-employed workers, ending years of unequal coverage and providing financial protection.
Record €3.7 billion in overdue state debts: Hospitals and EFKA lead the way
Greek state owes record €3.7 billion to private sector, with hospitals and social security leading unpaid bills. Finance Ministry creates oversight committee.
Stournaras: Tsipras knew six-month negotiation would cost €100M
Bank of Greece governor reveals Tsipras was warned that six-month bailout negotiations would cost €100 million, criticizes populist governance policies.
IMF warns of Europe debt explosion risk by 2040 – Key reasons
IMF warns Europe faces debt explosion by 2040, with public debt potentially reaching 130-155% of GDP without urgent fiscal reforms and consolidation measures.
Greece secures mega LNG deal with US giant Venture Global
Greece signs historic 20-year LNG deal with US energy giant Venture Global, positioning the country as a key energy hub for Southeastern Europe.
Greece sits on €100 billion energy treasure: 5 confirmed hydrocarbon deposits
Greece discovers massive energy treasure worth €100 billion in confirmed hydrocarbon deposits across Ionian Sea and Crete, with potential to transform the nation.
Scope Ratings maintains Greece at BBB grade, upgrades outlook to positive
Scope Ratings maintains Greece’s BBB rating but upgrades outlook to positive, signaling potential future upgrade due to strong fiscal performance and economic resilience.
Greek tax reform bill passes: Tax cuts, salary boosts for security forces
Greece passes major tax reform bill with cuts to property tax, VAT reductions, and salary boosts for security forces starting 2026.
ExxonMobil drilling plan from Corfu to Crete revealed
ExxonMobil reveals ambitious drilling plan for Greece, investing $5-10 billion in natural gas exploration from Ionian Sea to Crete, marking historic energy shift.
Historic energy developments in Greece: ExxonMobil to drill in Ionian Sea by late 2026
Greece makes history with ExxonMobil’s return to Ionian Sea drilling after 40 years. Trump-Mitsotakis meeting likely as East Med pipeline resurfaces.