GREECE
Macro/Political:
- The Greek Parliament approved the 2026 state budget yesterday, concluding a five-day debate that ended with speeches by party leaders and an electronic roll-call vote. Of the 295 lawmakers present, 159 voted in favour and 136 voted against.
Source: Kathimerini
- Deputy Prime Minister Kostis Hatzidakis said that theories about a funding gap following the completion of the RRF are unfounded, as significant new European funds will flow to Greece during the 2028–2034 program period.
Source: Kathimerini
- Prime Minister Kyriakos Mitsotakis yesterday announced additional support for farmers during a contentious parliamentary debate that concluded with the approval of the budget. Specifically, in a strongly political tone, Mitsotakis pledged EUR 160 million in additional funding to reopen the roads and signalled a roll-call vote on transferring the agricultural payments agency OPEKEPE to the tax authority AADE.
Source: Kathimerini
CYPRUS
Macro/Political:
- Moody’s Ratings affirmed all ratings and assessments of Bank of Cyprus and Eurobank Limited. The outlooks on the banks’ long-term deposit and senior unsecured debt ratings, where relevant, have been revised to positive from stable. The affirmations reflect the banks’ strong domestic franchises, low-cost deposit funding profiles, and robust financial fundamentals, including ample liquidity buffers, strong capital positions, resilient profitability, and continued improvements in asset quality. The positive outlook on Cypriot banks’ ratings reflects Cyprus’s robust macroeconomic conditions and an improved funding environment, which together create a supportive operating backdrop for the sector.
Source: Moody’s Ratings
