We are undoubtedly living in interesting yet dangerously challenging times. Events are unfolding rapidly across various fronts, creating an atmosphere of uncertainty. While the war in Ukraine rages on, ongoing developments in the Middle East pose significant risks of widespread conflict, with potentially serious implications for both our region and the global economy. Meanwhile, the world is anxiously awaiting the outcome of the upcoming presidential election in the United States, which will play a key role in shaping not only the internal direction of the superpower but also, and perhaps even more importantly, the trajectory of international affairs for the coming years.
In Europe, much attention is also focused on the recently published report by former European Central Bank President Mario Draghi on European competitiveness and Europe’s future in a rapidly changing world. Draghi’s proposals center on how Europe can return to a productive path and remain competitive, especially as more emerging economies come to the fore. Many of these recommendations have been previously discussed and were often ignored for various reasons. However, Europe now finds itself at a crucial crossroads and cannot afford to fall behind. This will require a new vision and a shift in mentality, even on topics that have traditionally been seen as taboo. And while the newly formed European Commission and Parliament will play a significant role in this, it is the leaders of individual nations that will be faced with the daunting task of making the most critical decisions.
In Greece, the economy has maintained part of its momentum, driven mainly by tourism and strong interest in hospitality investments. Yet major structural problems persist, including the cost of living, the housing crisis, unfair tax treatment, demographic decline, and public safety. These challenges threaten social cohesion, contribute to the rise of populism and extremism, and fuel a growing mistrust in institutions—a major concern that must be addressed through reforms promoting fairness and equal treatment for all citizens.
Many of these challenges, along with other key issues such as digital transformation, green transition, civil protection, and skills development, will be discussed at AmCham Greece’s upcoming conferences and events. As always, our Chamber’s mission is to examine and address the factors affecting the Greek, and international, economic and business environment while also considering the broader societal and environmental impacts. Through our initiatives, we aim to showcase best practices and propose solutions that will improve conditions for both business and society at large.
Be well and stay tuned for more!
ELIAS SPIRTOUNIAS
Executive Director
