Greek Development Minister Takis Theodorikakos announced that while the country’s profit-margin price cap will not be extended beyond its current term, the price reductions it generated — averaging 6% across roughly 2,000 product codes — will be frozen for the next two months. According to both Ethnos and Ta Nea, a “Social Agreement” for drastic price cuts on essential goods is expected to take effect in early September. The announcement came after a meeting at Maximos Mansion focused on the cost-of-living crisis, an issue that continues to dominate Greek political discourse amid broader European inflationary pressures.
Walter Murrow
June 29, 2026
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