Solon Molho

On October 7th the centre-right New Democracy (ND) government led by prime minister, Kyriakos Mitsotakis, unveiled its draft 2020 budget plan.
The plan must be submitted to the European Commission by October 15th to be assessed for its compliance with Greece's budget deficit and debt-reduction commitments under the stability and growth pact.
The draft plan contains a base-case macroeconomic scenario predicated on ambitious real GDP growth assumptions, especially for next year, as well as some...

Mr Tsipras delivered his first major address since losing the July 2019 election, at the Thessaloniki International Fair on September 14th.
Analysis
The opposition leader's address at Thessaloniki is a customary response to the prime minister's address a week earlier. Mr Tsipras argued that although his party, Syriza Coalition of the Radical Left (Syriza), was defeated in the July election, it remains a force in Greek politics. He attributed Syriza's defeat to four main issues.
Under pressure...

Greece's prime minister, Kyriakos Mitsotakis, delivered the customary annual address as the head of the recently elected centre-right New Democracy (ND) government at the Thessaloniki International Fair on September 7th.
He identified his government's four main economic policy priorities as taxation, investment, the labour market and digital transformation.
However, his plans to cut taxes and increase spending are likely to come under intense scrutiny from Greece's European creditors, who ins...

Following a busy legislative debut in July-August the newly elected Greek government of the centre-right New Democracy (ND) party has announced the abolition of the country's remaining capital controls, effective from September 1st.
Analysis
Capital controls were first imposed in July 2015, following a three‑week long mandatory bank holiday. The aim was to stem capital flight that had been fuelled by depositors' concerns over the potential consequences of a stand-off (at the time) between the...

Since taking office in July the government formed by the centre-right New Democracy (ND) has been pushing through a series of reforms.
The most important measures seek to address major shortcomings in Greek public administration, but their effective implementation remains a risk factor.
The government has also reduced property taxes, just days before the payment deadline for 2019, in keeping with ND's campaign promise, and eased the previous government's restrictions on private-sector dismiss...

This report offers detailed analysis and a five-year forecast for the automotive industry in Greece. Our unique perspective takes into account the latest economic and political developments of a country to give you a deeper understanding of what these trends mean for your business.

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The newly elected prime minister and leader of the centre-right New Democracy (ND), Kyriakos Mitsotakis, has appointed his cabinet, which was sworn in on July 9th. It is characterised by a hierarchical structure, with clearly delineated areas of responsibility for ministers and deputy ministers. It includes a rich complement of unelected technical experts, but lacks gender balance, with only a few female ministers.
The new government has 17 ministers, but contains a total of 51 members, inclu...

In a snap general election held on July 7th, three months before the end of the parliamentary term, the main centre-right opposition party, New Democracy (ND), led by Kyriakos Mitsotakis, recorded a comfortable victory over the ruling Syriza Coalition of the Radical Left (Syriza).
Analysis
The Syriza leader and prime minister, Alexis Tsipras, called the election after losing heavily to ND in the European Parliament and local elections on May 26th 2019.
At the general election, ND obtained 39....

Following a heavy defeat in local, regional and European Parliament elections at the end of May, the government of the Syriza Coalition of the Radical Left (Syriza), led by the prime minister, Alexis Tsipras, has called a legislative election for July 7th. Results of the first opinion polls focusing on this election indicate that the main opposition party, the centre-right New Democracy (ND) led by Kyriakos Mitsotakis, is on track to form the next government after the vote, but it will face m...

On June 2nd Greece held second-round run-off votes in seven of its 13 regions and many municipalities, as required by the electoral law when the first-round fails to produce a clear (50% plus one vote) winner.
Analysis
The outcome of the run-offs between the top two candidates from the first round generally compounded the dismal results for the governing Syriza Coalition of the Radical Left (Syriza) in the May 26th elections, which had previously prompted the prime minister, Alexis Tspiras, t...

Greece held the European Parliament, regional and municipal elections on May 26th, in which the main opposition party, the centre-right New Democracy (ND), emerged as the clear winner at all levels.
With 98% of the vote counted in the European Parliament elections, the ruling Syriza Coalition of the Radical Left (Syriza) was trailing ND by about 9.3 percentage points, with 23.8%. This is in line with recent polls.
The prime minister and Syriza leader, Alexis Tsipras, announced in the early ho...

This report offers detailed analysis and a five-year forecast for the energy industry in Greece. Our unique perspective takes into account the latest economic and political developments of Greece to give you a deeper understanding of what these trends mean for your business.

Greece's public finances outperformed the 2018 fiscal targets agreed with the country's EU creditors, according to the European Commission's spring forecast. The general government budget posted a surplus for the third consecutive year, at 1.1% of GDP.
Data released by the Ministry of Finance on April 30th showed that state budget execution in the first quarter of 2019 was also broadly on track to outperform targets, but a detailed breakdown of revenue and expenditure items gives cause for co...

Greece is scheduled to hold elections for the European Parliament and the country's local authorities on May 26th.
The ruling Syriza Coalition of the Radical Left (Syriza) looks set to lose these elections before relinquishing power at the national level when the next general election is held.
We had expected the government to combine a snap general election with the European Parliament and local elections. However, Syriza's popularity and credibility is now so low that we expect Syriza to cl...