Greece Sitting on €1.2B: The Measures Being Considered

Less than a week after Prime Minister Kyriakos Mitsotakis announced a €500 million package of measures, his government is already working on the next round. Officials in Athens are drawing up an additional €200 million in relief measures for this year, while separately preparing what is expected to be a €1 billion package of announcements for 2027, that will be unveiled at the Thessaloniki International Fair this September.

Greece has been gripped by a persistent cost-of-living crisis that predates the recent conflict in Iran, although the war has driven energy costs sharply higher and deepened the squeeze on household budgets. Mitsotakis faces meaningful political risk: not from a resurgent opposition, but from growing discontent among Greek voters. With his four-year term entering its final stretch and elections on the horizon, the government is deploying its impressive surplus in an attempt to convert budgetary outperformance into political goodwill before the clock runs out.

The Fiscal Windfall Behind the Spending

Greece’s primary budget surplus reached 4.9% of GDP in 2025, well above the 3.7% target, according to data certified by Eurostat and ELSTAT, Greece’s national statistics authority. That outperformance, combined with spending constraints, creates a total fiscal envelope of €1.7 billion available across