One of the top ministers in the new Olaf Scholz government in Berlin, Christian Lindner, who’ll assume the all-important German finance ministry portfolio, has come under particular scrutiny of late by the Greek government and the country’s political establishment, given that his Liberal Free Democrats (FDP) party bitterly opposed bailouts for the east Mediterranean country and fielded an especially hard line vis-à-vis Athens.
Nevertheless, as reported by Reuters this week, although many in the liberal FDP had opposed bailouts to Greece during the euro zone crisis, Lindner went on the record this month to praise efforts made by Greece to turn things around.
“In the last few years, (the Greek government) has succeeded in putting the Greek economy on a new course for success with very impressive reform measures,” Lindner said, even adding: “Conversely, Germany must aspire to become as ambitious as Greece’s domestic policy.”
According to a diplomatic note composed by the Greek embassy in Berlin, the coalition government in Berlin between the SPD, the Greens and Lindner’s FDP “by itself means that in practice, possibly, they’ll water down their position”, compared with the party’s initial (negative) positions regarding Greece.
At the same time, the Greek side estimates that the new German FinMin is certain to revisit the issue of reducing the Eurozone’s debt, as well as to adhere to strict fiscal and monetary rules. Lindner is also expected to reject, out of hand, continued pressure by the European south for a relaxing of Stability Pact rules.
Latest News
European Central Bank Cuts Interest Rates by 25 Basis Points
It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.
Airbnb: New Measures Add €600 in Extra Costs for Property Owners
Property managers face an immediate administrative fine of 5,000 euros if access to the inspected property is denied or any of the specified requirements are not met.
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.