Greek PM rolls out major aid package ahead of elections

Greek Prime Minister Kyriakos Mitsotakis has unveiled a €2.2 billion aid package and tax breaks ahead of legislative polls in spring 2027. The measures, aimed at redistributing the benefits of growth to society, include eliminating income tax for farmers earning less than €20,000 per year, a reduction in workers' social security contributions starting April 2027, an increase in the minimum wage, and a €400 annual allowance for pensioners.

The government has been implementing a series of aid packages in the lead-up to the elections, with recent measures such as a 9.5% average reduction in grocery and school supply prices and a 30% decrease in wholesale electricity prices between 2027 and 2029. The Greek economy has been struggling since the 2008 debt crisis, with over 36% of private-sector workers earning less than €1,000 gross per month in 2025.

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