Gas prices have surged to their highest level in over a year, with current rates around 50 euros per megawatt hour compared to 30 euros at the same time last year. Contributing factors include reduced Russian gas supplies, a tight…
Panaigiotis Petrakis, an emeritus professor of Economics at EKPA, discusses the economic situation in Europe and Greece, highlighting concerns about lower growth rates and the challenges posed by technological transitions in the automobile industry. He emphasizes that while there are…
On December 17, European stock markets are experiencing downward trends, coinciding with expectations of a Federal Reserve interest rate cut. Concerns over oil oversupply for the upcoming year overshadow geopolitical tensions. According to the International Energy Agency, global oil production…
Panos Tsakloglou, Greece’s Deputy Minister of Labor and Social Affairs, announced a significant reduction in social insurance contributions set to begin in early 2025, predicting positive impacts on employment over time. He noted that the government has already reduced contributions…
The ongoing political crisis in France is intensifying rather than resolving, as the fragmented National Assembly presents significant challenges for forming a new government. Professor Panagiotis Ioakeimidis highlights President Emmanuel Macron’s declining popularity and warns of elevated borrowing costs affecting…
French Prime Minister Michel Barnier’s government is at risk of collapse as it faces a confidence vote, stemming from attempts to bypass the National Assembly to pass the 2025 budget. Opposition parties, including Marine Le Pen’s National Rally, are poised…
The European economy navigates ongoing uncertainty, primarily due to the prolonged war in Ukraine and Middle East tensions, impacting energy security. Despite these geopolitical challenges, the Eurozone shows signs of recovery, particularly in Greece, where growth forecasts remain strong, projected…
The European Commission forecasts a 1.5% GDP growth for the EU in the upcoming year, driven by record-low unemployment levels. Eurocommissioner Paolo Gentiloni noted that by the end of this year, eight million more people will be employed compared to…
Following Donald Trump’s significant electoral win, SYRIZA spokesperson Pausanias Papageorgiou highlighted two critical interpretations of the outcome. Economically, he warned of a challenging period for Europe as it navigates geopolitical turbulence and a shift in U.S. policy. Papageorgiou also emphasized…
Concerns mount over the future of the European economy as experts warn of an impending struggle to remain competitive against China and the United States. Recent disappointing quarterly results from Volkswagen highlight the urgency for investment and strategic planning. Former…
As of summer 2022, many European countries have lifted COVID-19 entry restrictions, allowing travelers from the EU and Schengen Area to enter without proof of vaccination, recovery, or negative tests. Countries like Germany, Austria, France, and Greece have eliminated such…
