Greece’s Economy Shows Momentum as Government Focuses on Households and Vulnerable Groups
Prime Minister Kyriakos Mitsotakis has framed this year as a turning point for Greece’s economy, noting strong growth that outpaces the euro area average. Bloomberg reported that the economy is advancing at a significantly faster pace than the broader bloc, signaling a shift toward more robust domestic activity and improving fiscal resilience.
During remarks, Mitsotakis stressed that Greece has moved beyond the era of imminent collapse that once shadowed its finances. He acknowledged, however, that living costs and a declining population remain pressing challenges. The prime minister emphasized that easing the burden on households is a core objective of the government’s policy agenda, particularly for young families.
He reiterated that lifting the cost of living for ordinary households is a government priority and that concrete steps to assist those most vulnerable will be rolled out in the near term. This commitment aligns with a broader strategy to strengthen social protection while sustaining economic momentum.
The inflationary surge that began in Greece in the summer of 2021 has persisted through subsequent years, complicating households’ budgets. In discussing the inflation dynamics, Mitsotakis rejected broad characterizations that inflation was imported or caused by external shocks alone. He noted that domestic structural factors also play a role and underscored the government’s responsibility to address price pressures through targeted measures, energy support, and competitive policy actions. Opposition leaders have challenged the administration’s inflation narrative, arguing that policy choices contributed to price increases rather than merely reflecting external events.
Historical debates over economic policy and bilateral relations have colored political discourse, with some commentators calling attention to past relations with neighboring powers. Critics have pointed to shifts in foreign policy as influencing economic sentiment, while supporters argue that pragmatic engagements and diversification of economic partnerships are essential for stability and growth.
Looking ahead, the government appears committed to balancing brisk economic expansion with social safeguards. By prioritizing family support, affordability, and vulnerable populations, the administration aims to sustain momentum while mitigating long-term demographic and fiscal risks. The broader objective is to foster a resilient economy that can withstand external shocks and maintain improvements in the standard of living for Greek citizens. [Bloomberg] [Political commentary and public statements summarized for clarity]n