
Main opposition SYRIZA party on Thursday announced that MP and former minister George Katrougalos was being “withdrawn from the election race”, meaning the general election on Sunday, only hours after the latter more-or-less said that if returned to power the party would again raise tax prepayments and social security contributions for self-employed professionals.
The comments by Katrougalos, made during a live late-night public affairs program, were immediately pounced on by incumbent New Democracy (ND) candidates and the government spokesman.
In its statement, the leftist party said “the middle classes, following major sacrifices, paid a high price for the crisis and the arrogant policies of (Prime Minister Kyriakos) Mitsotakis, who didn’t care. Therefore, the middle class has a right to a lesser burden”.’
Katrougalos, a former labor and foreign affairs minister, also said he was “withdrawing from the election battle”, and referred to “personal views” that deviated from the stated policy statements of the party.
Conversely, interior ministry sources on Thursday said Katrougalos’ candidacy in the upcoming election remains valid, as his name is already printed on ballots.
“It remains in effect, given the fact that his candidacy was officially announced by the Supreme Court, therefore, he has the right to surrender his parliamentary seat if he is elected,” the ministry’s directorate of elections stated.


Latest News

Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy

EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.

The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)