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Greek PM Unveils €1.6B Tax Reform Amid Crisis

9/7/2025

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Story summary
  • Greek Prime Minister Kyriakos Mitsotakis announced a €1.6 billion tax reform starting in 2026 to support families.
  • The reform offers tax cuts across all income levels, with zero tax for low-income families with four children.
  • Mitsotakis aims to combat declining birth rates and rising living costs amid a cost of living crisis.
  • His party, New Democracy, has dropped in popularity from 41% in 2019 to 22-25% in recent polls.
  • Protests in Thessaloniki and Athens addressed living standards and a train crash investigation.
  • Mitsotakis ruled out a snap election before 2027 while considering a third term.