Greek PM to Unveil Plan to Boost Incomes Ahead of Elections
The package includes pension increases, a higher minimum wage and farmer relief as Mitsotakis tries to lift support before next year's election.
- On Saturday, Greek Prime Minister Kyriakos Mitsotakis will announce a $2.33 billion package of tax breaks and pay raises during his annual economic policy speech, seeking to recover support ahead of next year's election.
- Support for Mitsotakis's government has slipped to about 29% from the 40.5% share that secured his 2023 reelection, amid a protracted cost-of-living crisis and corruption claims.
- Financing for the measures, equal to 1% of GDP, comes from a higher-than-expected budget surplus and increased tax collection, with some tax breaks extending over a four-year period.
- Food, energy, and residential rents have risen at least 30% since the pre-crisis period, according to Labor Ministry data, while average monthly income remains at 2009 levels of €1,500.
- Labor unions have planned demonstrations in Thessaloniki on Saturday evening, demanding generous wage increases and lower prices for everyday goods and energy as the government prepares to announce its relief measures.
16 Articles
16 Articles
Mitsotakis to unveil €2 billion in tax breaks and pay rises
Greek Prime Minister Kyriakos Mitsotakis is set to announce more than €2 billion in tax breaks, pay rises and other relief measures on Saturday as his government seeks to tackle cost-of-living pressures and recover support ahead of next year’s election. The package, worth about 1% of Greece’s GDP, is expected to include pension increases, another […]
Greek PM to unveil plan to boost incomes ahead of elections
ATHENS, Sept 4 (Reuters) - Greek Prime Minister Kyriakos Mitsotakis will announce more than €2 billion ($2.33 billion) in tax breaks, pay rises and other handouts on Saturday, officials said, as he seeks to recover lost ground in opinion polls ahead o...
The government is considering this year's TIF as the starting point for a long pre-election period, and Thessaloniki is turning into a springboard for the Prime Minister to develop the government's economic policy for 2027, the New Democracy program for the next four years, and the counterattack to regain lost ground in Northern Greece. An indication of the importance that Mr. Mitsotakis attaches to the need to "move the needle" in the wider reg…
With a package of measures expected to be around 2 billion euros, Kyriakos Mitsotakis is heading to the TIF with the aim of converting the economy’s fiscal overperformance into a direct boost to disposable income. The crucial challenge for the government is not only the amount of the interventions, but the time at which they will begin […]
Once the lights of the TIF go out, citizens will now have a fairly complete picture of the intentions and announcements of the main players in the political system, and the first polls of the season will capture the impact of each one's visit to Thessaloniki. A cycle will close and the race of polarization will begin in the final stretch towards the elections.
What is expected to be announced by the Prime Minister in Thessaloniki?
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