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).
Aimed at both households and businesses, the new service promises ultra-fast, guaranteed internet speeds starting at just 17.90 euros per month, leveraging the country’s most advanced and fastest-growing fiber network: DEI Fibergrid.
The figures, covering January to April 2025, reveal a sharp rise in unpaid taxes, with households and businesses adding €3 billion in new overdue debts during this period.
At the same time, although S&P maintained a “ stable” outlook for the Greek economy in its April 18 update - while upgrading Greece’s credit rating to BBB/A2 - it left a “ window” open on Wednesday for a possible further upgrade, citing expectations for improvements in external imbalances.
Morgan Stanley: The threat to the Greek economy from the sharp increase in rents
The report revealed that the aggregate sum of these arrears amounted to €3.2 billion in 2024 from 2,593,285 electricity meters, meaning 32 percent of consumers—roughly one in three—have failed to pay their electricity providers.
