Cartoon by Ilias Makris (15/03/2022)
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The war in Ukraine has brought ghosts of the 20th century hovering over Europe: the leveling of cities by Russia, millions of Ukrainian refugees, the mass exodus of Russian dissidents to neighboring countries, the armaments race, and the risk of nuclear conflagration.
The combination of economic stagnation and high inflation, or stagflation, may prove to be more than a specter hovering over the world. and especially Europe.
High non-salary costs in Greece work against any significant increase in the minimum wage, which all social partners agree has remained low.
A slowdown in the growth rate, soaring inflation, a yawning current account deficit and the suspension of investment plans are the main injuries the Greek economy is set to suffer as a result of the war in Ukraine, analysts tell Kathimerini.
The arrests of hooligan groups show that, so far, the state has indeed been shaken up by the murder of Alkis Kambanos in Thessaloniki last month.
The Greek stock market followed the trend set by most European bourses on Tuesday, on inflation considerations, which led to the evaporation of earlier gains and giving way to losses for the majority of stocks at Athinon Avenue.
Credit card company Visa has agreed to provide the Greek Tourism Ministry with data on the spending trends of international and domestic tourists under the terms of a new agreement signed on Tuesday in Athens by Tourism Minister Vassilis Kikilias and Visa Europe CEO Charlotte Hogg.
The European Union on Tuesday launched a new barrage of sanctions against Russia for its invasion of Ukraine, including bans on Russian energy sector investments, luxury goods exports to Moscow and imports of steel products from Russia.
Meeting of the prime ministers of Italy, Spain, Portugal and Greece to focus on energy issues, says Greek government source.