Androulakis Urges Snap Elections as OPEKEPE Scandal Widens

Macro/Political:

• Main opposition leader Nikos Androulakis called for immediate snap elections yesterday, accusing the government of undermining democracy in an effort to conceal a widening web of scandals, as a European investigation into OPEKEPE subsidy fraud expanded to include more members of the New Democracy government and MPs. More specifically, Androulakis described the current political climate as a “dystopia,” claiming that corruption is rooted at the heart of the Maximos Mansion. He also accused New Democracy of violating parliamentary procedures and manipulating investigative committees.
  Source: Kathimerini

• Former Prime Minister Alexis Tsipras confirmed plans to launch a new political party, with September as the likely launch date, barring any unexpected political developments. Tsipras stated that former allies would be welcome to join but warned that there would be no “reserved seats in the front row”. Finally, he added that, in his personal assessment, Prime Minister Kyriakos Mitsotakis is unlikely to call early elections, despite the latest scandals involving the New Democracy government.
  Source: Kathimerini

Macro/Political:

• The Turnover Value Index of Retail Trade (except of motor vehicles) for February 2026 increased by 3.3% compared to the corresponding month of the previous year. For the same month, the Turnover Volume Index of Retail Trade increased by 4.1% compared to the corresponding month of previous year.

  Source: CyStat