Greece reports inflation below EU average; announces heating subsidies
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What happened
Minister of State Akis Skertsos stated that Greece's cumulative inflation, covering both headline and food prices, has tracked marginally below the European Union average since 2019. Skertsos confirmed that new heating cost measures, including a broader heating subsidy increase and extended diesel support through October, would be announced this week. He also noted that Greece has channeled over €20 billion in EU recovery and cohesion funds to its regions since 2021.
From iefimerida.gr
Why it matters
Skertsos attributed Greece's ability to implement permanent income support and new tax cuts to the country's budget surpluses. He also sharply criticized opposition proposals, including those from Alexis Tsipras, arguing they would cost three to four times Greece's annual spending limits and risk bankruptcy.
From iefimerida.gr
Who's involved
- Minister of State (Greece)Minister of State who discussed inflation and announced new subsidy measures
- GreeceThe country whose inflation rate and budget policies were discussed
- Alexis TsiprasLeader of the ELAS party whose spending proposals were criticized
How it developed
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Akis Skertsos discusses Greece' current inflation status relative to the EU average.1 source
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The entities involved
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Greece
country in Southeast Europe
Related events
- Mitsotakis pushed EU measures at the U.N. while Greece acted in step with Brussels.
- Eurostat published inflation data for various EU member states, including Greece, Lithuania, Sweden, Romania, and Bulgaria, showing diverse economic trends.
- A Commission report highlights poverty gaps and wage recovery disparities among several European countries, including Greece, Portugal, Bulgaria, Romania, Finland, and Italy.
- Several European countries, including Croatia, Lithuania, and Greece, report higher inflation rates compared to Australia, while the IMF forecasts Australia's inflation.
- Greece's bond yield is lower than France's, according to recent financial data.