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Looking ahead to 2026 [InTime News]
Happy New Year and welcome to the weekly round-up of news by Kathimerini English Edition. The New Year offered Greece’s political parties an opportunity to both reflect on the past year and look to the future. “2025 hands over a world marked by instability and a search for new balances, with unprecedented geopolitical shifts and major economic uncertainties, while 2026 also dawns amid multiple challenges”, said Prime Minister Kyriakos Mitsotakis, who in his address defended the track record of his government. He noted that it had achieved several key milestones including tax reforms, the renovation of hospitals and health centers, the country’s development as an energy hub, and the strengthening of Greece’s defense capabilities. “The Greek people are in need of a radically different type of government. A type that is centred on morality, meritocracy, and tangible respect for citizens”, said Nikos Androulakis, leader of main opposition party PASOK, in his message, adding that “may 2026 be a starting point for a more progressive Greece, worth of the expectations of the Greek people”. He emphasized the importance of the upcoming year, particularly with the end of the European Union’s Recovery and Resilience Facility, and how the country must find a new path to growth. Defense Minister Nikos Dendias, who is overseeing a radical (and sometimes controversial) overhaul of the Hellenic Armed Forces, said that the upcoming year is a “time of reflection, but also a time of planning” in his message to those serving. One of the key areas on which the Defense Ministry is focusing its efforts is the establishment of the proposed multi-layered air defense program, known as the “Achilles Shield.” Several important steps are expected to take place within the year, including decisions on the selection of systems that will form the core of the shield. Likely, these will be the Israeli-made Spyder, Barak MX, and David’s Sling systems, providing short, medium, and long-range coverage respectively. The total cost of these is expected to exceed 3 billion euros. Spotlight
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[Reuters]Walking a fine line between on the one hand respect for international law and national sovereignty, and on the other realpolitik, the Greek government has opted to welcome the end of Maduro’s repressive regime, and turn its attention to the future. In a statement that echoed the approach of other European leaders, the Greek Prime Minister noted that “Nicholas Maduro presided over a brutal and repressive dictatorship that brought about unimaginable suffering on the Venezuelan people. The end of his regime offers new hope for the country.” Obviously, a lot will be said about the legality of the undertaking by the US, not only from friends and foes on the international scene, but also from leading figures of the Democratic Party inside America who have challenged the constitutionality of such a major military operation in a foreign country. For its part, Athens shied away from that debate, with the PM stating that “this is not the time to comment on the legality of the recent actions”, declaring its intention to coordinate with its European Union and UN Security Council partners on how to best deal with the issue. With Greece being on the receiving end of its neighbour’s revisionist policies, including a casus belli, opposition parties criticised the government for “not commenting on the legality” of what happened, thus, in essence, seen as minimising the importance of international law. In this context, it is worth noting that as the Speaker of the European Parliament, Roberta Metsola, reminded all, the EU has consistently affirmed it did not consider Nicolás Maduro to be the legitimate, elected leader of Venezuela. Like most US allies and partners, Greece turned its focus to the “day after” and the effort to ensure a peaceful and speedy transition to a new inclusive government that enjoys full democratic legitimacy. For Athens the priority should now be given on how to avoid violent clashes and bloodshed, and to assist Venezuela in moving forward on the path of democracy. As a country with a large diaspora, Greece has naturally also turned its attention to the safety of the members of the Greek community who reside in Venezuela. |
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| “The Athens Exchange (ATHEX) general index closed at 2,158.04 points on Friday, the first session of the year. Its close, up 1.42% from last week, also marked a new 16-year-high for the benchmark.” |
| “Greece fully implemented its Public Investment Development Program for 2025, with a total outlay of 14.6 billion euros. The sum, slightly above the program’s approved budget (at 100.8% of its allocation), included 6.86 billion euros from co-financed programs and 4.9 billion euros from the EU’s Recovery and Resilience Facility.” |
| “There was a 5% increase in the average private sector salary in Greece, with wages moving closer to the target of 1,500 euros per month. The government has stated that the strengthening of collective bargaining, following an agreement in 2025, will push private sector salaries even higher even though they still only represent less than 30% of the labour market.” |
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Editor's Pick The problem for a country like ours is that other certainties are collapsing along with the rest.Read the article |
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