Tag: Handelsblatt

elon musk

European Commission Concludes Initial Probe into Social Media Platform X, Considers Multi-Million Euro Fine

The European Commission has wrapped up its preliminary investigation into the social media platform X and is on the verge of deciding whether to levy a fine amounting to millions of euros. This development was reported by Germany’s Handelsblatt newspaper, citing three high-ranking officials from the European Union. The Commission has yet to respond to requests for comment.

mits1

Inflation and Low Incomes Threaten Mitsotakis Government, Reports German Media

Greek Prime Minister Kyriakos Mitsotakis faces growing public dissatisfaction as economic hardships persist despite progress in national financial indicators. A *Handelsblatt* report highlights that real incomes remain 23.7% lower than pre-crisis levels, with inflation, high energy costs, and stagnant wages fueling frustration. While New Democracy leads in polls, its shrinking margin and declining approval rates pose significant challenges to Mitsotakis’ leadership.

survey greece european union eu flags acropolis

Handelsblatt Highlights Greece’s Economic Resurgence and Early Loan Repayment

Greek finances are exceeding expectations, with the country repaying bailout loans ahead of schedule and anticipating a budget surplus for 2025, according to German newspaper Handelsblatt. This strong economic performance is driven by increased tax revenues, although Greece continues to address a VAT gap larger than the EU average.

greece

Handelsblatt Reports Significant Progress in Greece’s Debt Reduction

The German newspaper Handelsblatt reports that Greece has made significant progress in reducing public debt, with the government planning an early €8 billion repayment to creditors this December. Economy and Finance Minister Kostis Hatzidakis announced that this payment aims to further decrease the debt ratio, which has fallen from 209% of GDP in 2020 to 163.9% in 2023. Forecasts from the IMF and credit rating agency Scope suggest that Greece’s public debt could drop to 139.4% and 132.8% of GDP, respectively, by 2029.