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Tuesday
21
Jul 2026
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Athens 36°C

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IMF on Greece: Resilience amid war, but warnings on energy, inflation & growth

The Fund “sees” growth slowing to 1.8% in 2026, but remains particularly positive about Greece’s fiscal trajectory

New step for hydrocarbon exploration in the Ionian Sea: US Chevron enters Block 10 with 70% stake

“The Greece is continuously strengthening its position on the energy map of the Eastern Mediterranean,” said Energy Minister Stavros Papastavrou in a statement

Analysis: Even if peace comes to the Middle East now, it will still take a long time for fuel prices to fall

Even if a U.S.–Iran agreement is reached and the Strait of Hormuz reopens immediately, fuel prices are unlikely to return quickly to their early-2026 levels. Markets will need months to be “convinced” that the danger has truly passed. This is the well-known “rockets and feathers” phenomenon

Pierrakakis at the Eurogroup: We must be prepared for the toughest economic scenarios

Warnings over an energy shock, stagflationary pressures and limited fiscal space in the eurozone

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