The elephant in the room

In a pre-election period, sober assessments in general - and regarding economic developments in particular - do not prosper. Each party must present them in a light that favors its own narrative to voters, with a certain one-sidedness. The drop in unemployment in Greece is one side of the story. The other is that unemployment in Greece is the second highest in the European Union, after Spain, while we rank first in unemployment among women. The slowing of inflation to 6.5% is a positive development; however, prices continue to rise, particularly for food. Furthermore, inflation in Greece, more than other countries, is due to the increase in business profits.

It sounds nice when the government says that foreign direct investment has increased, by about 6 billion or 3% of GDP in 2022. But the picture changes if we look closer and see that foreign capital is buying mainly...