Prime Minister sets out government economic policies[InTime News]
Welcome to the weekly round-up of news by Kathimerini English Edition. Prime Minister Kyriakos Mitsotakis set out his government’s economic policies from the podium of the Thessaloniki International Fair during his keynote address on Saturday night. “We have 1,000 days […] to implement all our commitments”, said the prime minister and presented a total of 45 measures. They include a reduction of social security contributions by 1%, a 2.2% to 2.5% increase to pension payouts, and a pledge to increase the country’s minimum wage to 950 euros a month by April 2027. “My primary goal is to continuously increase the minimum wage. This is a central policy commitment on which I would like to be judged at the end of the term,” he said during a follow-up press conference on Sunday. Mitsotakis also stated that doctors working for the National Health System (ESY) will receive increased compensation for night shifts, estimated at about 130 euros a month. “The second goal is to reform the ESY. I am aware of the public’s concerns. The ESY requires significant changes. By 2027, we should have many new hospitals and better-paid doctors.”, stated the prime minister on Sunday. The situation in the housing market was also addressed during the speech, with Mitsotakis announcing tax incentives for landlords to pursue long-term leasing instead of short-term letting, a new program to facilitate the securing of low-interest rate mortgages for young professionals or couples looking to buy their first home, and a ban on new short-term letting properties in Athens for at least a year. The prime minister also discussed the ongoing diplomatic efforts to smooth bilateral relations with Turkey on Sunday. ““I have never been under any illusions about the challenges of engaging with Turkey. I clearly recognize that the core of Turkish revisionism remains unchanged. The ‘Blue Homeland’ [foreign policy doctrine] remains a significant challenge to our country’s sovereign rights,” he said but stated that he will continue to raise the issue with Turkish President Recep Tayyip Erdogan, stating that “it is a major obstacle in resolving our key dispute over the delineation of the continental shelf and the exclusive economic zone.” Spotlight
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The never-ending drama of SYRIZA’s internal strife continued over the weekend with the members of the party’s central committee voting – 163 to 120 – to have yet another election for head of the party. The development follows the open and very vocal challenge to Kasselakis’ leadership by many members of SYRIZA’s party hierarchy. After the party’s crushing defeat in the 2023 national elections, and the resignation of its charismatic leader and former prime minister Alexis Tsipras, there has been constant infighting with different fractions pulling in several directions. There was a major split with numerous well-known members of the party, among them former ministers of Finance Euclid Tsakalotos, Economy and Development Alexis Charitsis, and Labor Effie Achtsioglou, leaving SYRIZA and creating their own party, New Left. Since Stefanos Kasselakis came to the forefront – from being a political unknown and member of the diaspora – and became leader of the party, there has been constant internal friction. He has been criticized for creating a one man show, not respecting differing points of view. In any case, his image is further tarnished as only 120 members of the total membership of the central committee voted down the motion against him and thus can be counted as staunch supporters of his. After Sunday’s developments the next steps will be a special party congress and a new election process where the supporters and friends of SYRIZA will vote for a new leader (Kasselakis could stand again). What is clear though is that with the drama continuing for a year now, it seems increasingly difficult for SYRIZA to remain united, let alone to be able to effectively function as the country’s main opposition. This chaos is understandably welcome news for the ruling New Democracy, as well as for the other center left party, PASOK; it remains to be seen if the uncertainty and volatility in the political system is good for Greece’s democracy. |
CHART OF THE WEEK |
The union representing public hospital staff commissioned a survey on the situation of hospitals in northern Greece ahead of the Thessaloniki International Fair. The results paint a dire picture. There are significant staffing shortages, with the lack of anesthesiologists being particularly striking, and long surgery waiting lists. The survey points out that of the ten operating theaters of the AHEPA General University Hospital, only four are in service due to a lack of staff and medical supplies. The majority of doctors are also found to be disillusioned with the prevailing situation, with 59% of young doctors responding that they plan to leave Greece. Most (75.6%) cite the lack of research opportunities, 70% stated they suffer from burn-out, and 61% are disappointed with the infrastructure of their hospitals. |
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ECONOMY IN A NUTSHELL |
“The Athens Exchange (ATHEX) general index closed at 1,443.13 points on Friday, up 0.83% from last week.” |
“The merger between Attica Bank and Pancreta Bank was finalized, following final approvals. The new unified bank will be the country’s fifth largest (by estimated assets) and will likely seek to compete with the “big four” systemic lenders.” |
“A record-breaking total of 254,213 Turkish nationals have visited the islands of the North Aegean since April, following the establishment of the seven-day ‘Visa Express’ program. 92,018 travelled to Lesvos, 89,456 to Chios, and 72,739 to Samos.” |
WHAT'S ON THE AGENDA |
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Editor's PickFor PASOK, the timing is overall positive, as it seems that, first of all, the main opposition SYRIZA is in a prolonged crisis, if not heading toward its ignominious end as a political force with claims to power.Vassilis NedosRead the article |
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