PM to unveil plan to boost pensions, spending power in Thessaloniki speech

Prime Minister Kyriakos Mitsotakis is expected to unveil plans on Saturday to increase pensions, reduce social security contributions and improve public services in an effort to win back voters angered by a lingering cost of living crisis.

In his annual speech on the economy at the Thessaloniki Trade Fair, Mitsotakis will focus on boosting purchasing power and increasing funding for education and healthcare, three government sources told Reuters, as he paints a picture of en economy emerging from a decade-long debt crisis.

He is also expected to unveil measures to increase housing and halt a tumbling birthrate, which would be financed through the reduction of funds for unemployment benefits.

The government plans to spend 3 billion euros on the measures in 2025 alone, amounting to about 1.5% of GDP, a second government official said.

"The PM will...