Greece faces severe economic consequences from climate change, including the potential loss of 327,000 full-time jobs and a €16 billion annual GDP decline if no mitigation measures are taken, according to a new study by the Foundation for Economic and Industrial Research (IOBE).
Stournaras argued that for the euro to become a reserve currency, a "stronger, more integrated, and growth-oriented economy in the euro area" is needed
The notable uptick, a second consecutive rise in the consumer price index, has raised concerns as it affected products across the majority of sectors
If the economy deteriorates and inflation falls sustainably below 2% we will move to cut interest rates, but "we will go meeting by meeting to see what we do next", Stournaras told Bloomberg TV
According to the National Observatory of Athens, recent satellite data shows sea surface temperatures across Greece ranging from 20 to 22°C — notably above average for this time of year. The unusually high readings are attributed to a combination of seasonal heat and the absence of strong winds, which normally help cool the water.
The early repayment will be partially funded by the government’s cash reserves, which, according to the Public Debt Management Agency, stood at 40.1 billion euros at the end of the first quarter of 2025.
