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).
To overcome these institutional limitations, the government is considering the creation of 45 new corporate entities — one for each of Greece’s river basins or designated regions.
Citing Article 74, Paragraph 2 of the Constitution, Kaklamanis expressed confidence that all political parties, including the government, support the 151-seat majority. He suggested that no further consultation with the Parliament’s Scientific Council would be necessary to clarify the matter.
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 ruling, which cannot be appealed, was welcomed by Greece’s center-right government. It reduces the number of MPs in the 300-seat Hellenic Parliament to 297 and lowers the threshold for an absolute majority from 151 to 149 votes. The decision is effective for the remainder of the current parliamentary term, ending in 2027.
Greece has been lobbying for their return to the country for almost 200 years.
