Greek political and economic developments

In August 2026, reports emerged regarding potential leadership shifts within the New Democracy party in Greece. Speculation suggested a possible arrangement between Economy Minister Kyriakos Pierrakakis and Defense Minister Nikos Dendias, where Dendias would serve as party president and prime ministerial candidate while Pierrakakis would act as vice president and economic lead.

By early September 2026, Pierrakakis reported on economic progress in Thessaloniki, noting that tax revenues reached 33.37 billion euros between January and August, with approximately 29 billion euros processed through banks. He highlighted the rapid digitalization of the economy, noting that myDATA transaction records were projected to reach 2.2 billion by 2026. He also announced the upcoming ‘Synepeia’ platform for managing state debt and met with over 40 New Democracy Members of Parliament to discuss economic forecasts.

On September 9, 2026, Pierrakakis announced that measures implemented during the current year total 4 billion euros, aimed at increasing citizens’ disposable income. He emphasized that economic and social progress must be driven by permanent measures rather than complacency, and stressed that the upcoming electoral calendar should not dictate the economic agenda. He cited fiscal responsibility, political stability, and the rapid implementation of reforms as essential for the country’s future.