Greece Cuts Growth Forecast but Pledges Historic Tax Reform and Production-Led Economic Shift

Finance Minister Kyriakos Pierrakakis has acknowledged that Greece's 2026 growth forecast has been trimmed from 2.4 percent to 2.0 percent due to global instability and energy pressures, but used a major address in central Greece to lay out an ambitious economic pivot toward exports, production and what he called the largest reduction in personal taxation in the country's modern history. Speaking in Larissa, Mr. Pierrakakis — who also serves as Eurogroup president — argued that Greece's funda...

By ANTHEE CARASSAVA