GREECE
Macro/Political
• Nikos Androulakis, leader of PASOK, announced that his party will submit a motion of no confidence against the Greek government on Wednesday, March 5, 2025. He urged all democratic opposition parties to support this initiative, emphasizing that now is the right time, as there is undeniable evidence against the government, backed by the scientific community. This decision follows the publication of the report by the National Organization for the Investigation of Railway Accidents (EODASAAM) regarding the tragic train crash in Tempi. According to Mr. Androulakis the report highlights severe government responsibility, while the findings reveal serious errors. For these reasons he called for political change that truly respects the people. Meanwhile, on Friday, on the anniversary of the train crash, massive protests took place across Greece, with people demanding justice and adding more pressure on the Greek government.
• Data released by Eurostat showed that the annual inflation in Greece is expected to be 3% in February 2025 from 3.1% in January 2025.
Source : Eurostat
Markets
• S&P said that Alpha Bank acquiring the banking assets and liabilities of Astrobank in Cyprus will enhance its scale and will help to maintain profitability momentum without compromising capital. S&P also noted the that key credit fundamentals of Alpha Bank will remain in line with their expectations for the BB+/B ratings and stable outlook. The Agency sees the 40 basis point negative impact on Alpha Bank’s group common equity Tier 1 ratio as manageable and estimates that Alpha Bank would maintain an adequate risk-adjusted capital ratio above our 7% threshold.
Source : S&P Global
CYPRUS
Macro/Political
• Data released by Eurostat showed that the annual inflation in Cyprus is expected to be 2.3% in February from 2.9% in January 2025.
Source : Eurostat
