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☆ Greece legalizes same-sex marriage in a first for an Orthodox Christian country
▼ + stars: | 2024-02-15 | by ( Sophie Tanno | Elinda Labropoulou | ) edition.cnn.com time to read: +8 min

Athens, Greece CNN —The Greek parliament on Thursday passed a law legalizing same-sex marriage, in a landmark victory for human rights in Greece and making it the first majority Orthodox Christian country to establish marriage equality for all. Now, same-sex parents can both be recognized as legal parents to their children. A recent poll carried out by Metron Analysis showed that although 62% of respondents said they were in favor of same-sex marriage, 69% were against same-sex parenthood. The same-sex marriage bill has drawn the wrath of the influential Greek Orthodox Church to which more than 80% of the population belong. All three voted against the same-sex marriage law, and the legislation could still push some angry voters to the right ahead of European elections in June.

Persons: Greece CNN —, Andrea Gilbert, “, ”, Katerina Trimmi, Kyriakos Mitsotakis, Sergio Berezovski, Mitsotakis, Alexis Rafailides, Stefanos, ” Kasselakis, Tyler McBeth, Kasselakis, Elias …, ” Stelios Pandazopoulos, Angelo, – Organizations: Greece CNN, Athens Pride, CNN, Greek National Commission of Human Rights, Rainbow, Computer, EU, Metron, New Democracy Locations: Athens, Greece, surrogates, Thursdau, ”, Syriza, American, Karditsa

ATHENS, Greece (AP) — Greece’s main left-wing opposition party, Syriza, suffered a damaging setback Thursday when nine lawmakers quit the party in protest against its newly elected leadership. But he has failed so far to halt the party’s decline in popularity in the wake of a crushing general election defeat in June. Syriza has since dropped to third place behind Socialist opponents in opinion polls, boosting the dominance of Prime Minister Kyriakos Mitsotakis’ conservative government. On Thursday, Effie Achtsioglou, a former Syriza labor minister, led the walkout as nine lawmakers declared themselves independent. He resigned following his third successive general election defeat.

Persons: Stefanos Kasselakis, Syriza, Kyriakos Mitsotakis, Effie Achtsioglou, Euclid Tsakalotos, Alexis Tsipras, Syriza’s, Tsipras Organizations: Miami, Socialist, Syriza Locations: ATHENS, Greece

☆ Greek Lawmakers Quit Leftist Syriza Party in Protest Against New Leader
▼ + stars: | 2023-11-23 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

ATHENS (Reuters) - Nine Greek lawmakers quit the leftist Syriza party on Thursday after breaking ranks with its new leader, formalising a split in the country's main opposition party which they said could now disintegrate. They resigned in protest over the leadership of 35-year old Stefanos Kasselakis, a former banker who was picked as party leader in September after Syriza's heavy defeat in June's national election. "SYRIZA is experiencing a dissolution crisis," the lawmakers said in a letter, accusing Kasselakis of contradictory positions and an ideological shift from leftist principles. The lawmakers who quit Syriza have the numbers to form a separate parliamentary group and could launch a new party ahead of European Parliament elections next year. "It is very uncertain how Syriza can succeed under these circumstances," head of ALCO pollsters Costas Panagopoulos told Reuters.

Persons: formalising, Kasselakis, Syriza, Euclid Tsakalotos, Goldman Sachs, Alexis Tsipras, ALCO pollsters Costas Panagopoulos, Renee Maltezou, Gareth Jones Organizations: New Democracy, Socialist PASOK, ALCO, Reuters Locations: ATHENS, United States

Climate Change Conference (COP 28) that opens on Nov. 30 in Dubai. Neither floods nor fires are new to Greece but with climate change, they are becoming a frequent disruptor to an economy dependent on tourism and farming. "We have to change our prediction methods," Skylakakis said, acknowledging the rapid pace of climate change. Mitsotakis has urged the EU to top up its solidarity fund and help countries tackle the impact of climate change. Adaptation measures worth 67 billion euros could reduce that loss to 510 billion euros, the country's leading economic think tank IOBE said in a February report.

Persons: Louisa Gouliamaki, Dimitris Kouretas, Kouretas, Theodore Skylakakis, Storm Daniel, Kostas Agorastos, Giorgos Stasinos, Kyriakos Mitsotakis, Sokratis Famellos, Skylakakis, Thanos Giannakakis, Nikos Papathanasis, Miltiadis Gkouzouris, Mitsotakis, Petros Varelidis, Lefteris Papadimas, Renee Maltezou, Michele Kambas, Daniel Flynn Organizations: Reuters, United Nations Environment Program, Mount Olympus, HVA, Chamber, European, Justice, EU, Water Management, Environment Ministry, Thomson Locations: Vlohos, Greece, Greece's, Thessaly, Europe, Dubai, Los Angeles, Dutch, Athens, Thessaly's, Mouzaki, Netherlands

☆ He’s Gone From Miami, to Celebrity, to Upending Greek Politics
▼ + stars: | 2023-11-10 | by ( Niki Kitsantonis | More About Niki Kitsantonis | ) www.nytimes.com time to read: +1 min

Stefanos Kasselakis was virtually unknown in Greece just six months ago when he was a no-chance election candidate with Syriza, the country’s main opposition party. Improbably, he is now the leader of Syriza, having essentially come out of nowhere to defeat a former minister for the top role a month ago. But his leadership has sent the leftist party into a tailspin, and is expected to result in one influential faction breaking away at a top-level party meeting this weekend. It has also signaled both a reorganization of leftist politics in Greece and, some analysts say, a shift in the style of the country’s politics to rely more on appearances and less on substance. “His election is the product of the rightward drift of the previous leadership,” said Seraphim Seferiades, a professor of politics and history at Panteion University in Athens, who pointed to a similar trend across Europe and beyond where the left has strayed from some of its core principles to gain broader appeal.

Persons: Stefanos Kasselakis, Goldman Sachs, Syriza, “, ”, Seraphim Seferiades Organizations: Syriza, Panteion University Locations: Greece, Athens, Europe

☆ Ex-Goldman Sachs trader to lead Greece's leftist Syriza party
▼ + stars: | 2023-09-24 | by ( Renee Maltezou | ) www.reuters.com time to read: +3 min

[1/7] The newly elected leader of Syriza leftist party, Stefanos Kasselakis walks outside the party's headquarters in Athens, Greece, September 25, 2023. Syriza was catapulted to power at the height of Greece's debt crisis in 2015, but lost to the conservative New Democracy party in 2019 and in June 2023. Kasselakis replaces Alexis Tsipras, a firebrand leftist whose anti-austerity rhetoric rallied voters around Syriza during the debt crisis. After coming to power, Tsipras was forced to accept a third international bailout and more austerity. Since Kasselakis is not a lawmaker, he will most likely need to appoint a party deputy to lead Syriza's parliamentary group.

Persons: Stefanos, Louisa Gouliamaki, Syriza, Alexis Tsipras, Goldman Sachs, Effie Achtsioglou, Kasselakis, Joe Biden, Tsipras, Nikos Pappas, Tyler Macbeth, Renee Maltezou, Michele Kambas, Emelia Organizations: REUTERS, ATHENS, Sunday, Syriza, New Democracy, ERT, Democratic, firebrand, Facebook, Kasselakis, Thomson Locations: Athens, Greece, Kasselakis, Achtsioglou, United States, Syriza, Cyprus, Turkish Republic of Northern Cyprus

☆ Thousands of Greeks rally as state workers strike over labour law plans
▼ + stars: | 2023-09-21 | by ( Renee Maltezou | ) www.reuters.com time to read: +3 min

The one-day nationwide strike called by Greece's largest public sector union ADEDY is the first walkout since the Mitsotakis government's re-election for a second term. The protesters marched to parliament, where lawmakers were debating the planned changes, which are expected to be passed this week. It also enables employers to implement a six-day working week. Employers face a fine up to 10,500 euros ($11,175) if they fail to declare an employee's extension of working hours or change of shifts. The bill also introduces fines and a six-month jail term against those who obstruct employees from working during a strike.

Persons: Louisa Gouliamaki, Kyriakos Mitsotakis, Lambrini Christoyanni, Renee Maltezou, Andrew Cawthorne, Barbara Lewis Organizations: REUTERS, Rights, Employers, Greece's Communist Party KKE, Thomson Locations: Athens, Greece

☆ Greek State Workers Strike Against Government Labour Law Plans
▼ + stars: | 2023-09-21 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

By Renee MaltezouATHENS (Reuters) - Greek public sector workers including teachers, doctors and transport staff walked off the job on Thursday to protest against labour law changes the conservative government plans, months after it was re-elected. Trains and buses were operating on reduced hours during the one-day nationwide strike called by Greece's largest public sector union ADEDY. It also enables employers to implement a six-day working week if needed. Employers face a fine up to 10,500 euros ($11,175) if they fail to declare an employee's extension of working hours or change of shifts. The bill introduces fines and a six-month jail term against those who obstruct employees from working during a strike.

Persons: Renee Maltezou ATHENS, Kyriakos Mitsotakis, Mitsotakis, Renee Maltezou, Andrew Cawthorne Organizations: Workers, Employers, Greece's Communist Party KKE Locations: Athens

☆ Greek leftist leader Tsipras resigns as Syriza party leader
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +3 min

ATHENS, June 29 (Reuters) - Alexis Tsipras, the one-time leftist firebrand who stormed to power on an anti-austerity agenda in Greece in 2015, stepped down from the helm of the Syriza party after 15 years on Thursday, following a heavy election defeat. At the height of Greece's deep economic crisis, Tsipras, known for sporting his no-tie look, rode a wave of anti-establishment anger to become the country's first leftist prime minister. "The time has come to start a new cycle," Tsipras said in a televised address announcing his resignation. Tsipras said he would not be a candidate at elections for a new party leader. Tsipras' decision to step down was "sudden", a party source said, but also "the right one for the party's reform and for his own legacy".

Persons: Alexis Tsipras, Syriza, Kyriakos Mitsotakis's, Tsipras, Renee Maltezou, Karolina Tagaris, Angeliki, Toby Chopra, Peter Graff Organizations: firebrand, Democracy, New Democracy, Communist, European Union, International Monetary Fund, Thomson Locations: ATHENS, Greece

☆ Mitsotakis to be sworn in as Greek PM after landslide victory
▼ + stars: | 2023-06-26 | by ( Karolina Tagaris | ) www.reuters.com time to read: +2 min

ATHENS, June 26 (Reuters) - Greece's New Democracy party leader Kyriakos Mitsotakis will be sworn in as prime minister on Monday after a resounding victory in a repeat election on Sunday gave him a second four-year term. But I assure you that I will stay true to my national duty," Mitsotakis said. Greek newspapers hailed the result a "historic win," with Ta Nea writing on its front page "Mitsotakis's absolute dominance, with no opponent." Sunday's vote was a heavy defeat for Alexis Tsipras's Syriza party, which lost more than 30 lawmakers. It also saw three fringe right-wing and nationalist parties - including the anti-immigrant 'Spartans', enter parliament with a combined 35 seats.

Persons: Kyriakos Mitsotakis, Mitsotakis, Ta, Katerina Sakellaropoulou, Alexis Tsipras's Syriza, Tsipras, Karolina Tagaris, Lincoln Organizations: Democracy, Sunday, European Union, Spartans, Thomson Locations: ATHENS

☆ With Resounding Win in Greece, Kyriakos Mitsotakis Tightens Grip on Power
▼ + stars: | 2023-06-25 | by ( Niki Kitsantonis | ) www.nytimes.com time to read: +1 min

Greek voters on Sunday overwhelmingly re-elected the conservative New Democracy party, preliminary results showed, setting the stage for its leader, Kyriakos Mitsotakis, to strengthen his grip on power with an absolute majority and what he called a “strong mandate” for the foreseeable future. With his landslide victory, voters appeared to have overlooked his government’s ties to a series of scandals and embrace his promise of continued economic stability and prosperity. With 91 percent of the votes counted at 9:45 p.m., the party had 40.5 percent, and was poised to win 158 seats in Greece’s 300-member Parliament, far ahead of the opposition Syriza party, which was in second place with 17.8 percent, with 47 seats. The socialist Pasok party took third place, with 12.5 percent, and got 32 seats. In a statement from his party’s headquarters in Athens, the capital, Mr. Mitsotakis described the results as “a strong mandate, to move more quickly along the road of major changes.”

Persons: Kyriakos, Mitsotakis Organizations: Sunday, New Democracy, Pasok Locations: Greece’s, Athens

☆ Greek PM Kyriakos Mitsotakis wins repeat election, securing clear parliamentary majority
▼ + stars: | 2023-06-25 | by ( Elinda Labropoulou | ) edition.cnn.com time to read: +7 min

CNN —Kyriakos Mitsotakis, leader of Greece’s center-right New Democracy party, has won a second four-year term as prime minister. During his election campaign, Mitsotakis vowed to further extend a 35-kilometer fence at the Greek-Turkey border, to block migrants trying to enter Greece. Fueled by May’s initial election results, Greek bonds and stocks have rallied with optimism that a pro-investment government could prevent financial backsliding. Other fringe far-right entries to the race included the nationalist party Greek Solution and the ultra-religious, anti-abortion Niki. “But despite the populist cacophony, Mitsotakis’ strong victory provides the new government a clear mandate to govern.”

Persons: Kyriakos Mitsotakis, Mitsotakis, ”, “, Syriza, “ Mitsotakis, Nick Malkoutzis, ” Mitsotakis, Alexis Tsipras –, –, Tsipras, Wolfgango Piccoli, Vassiliki Georgiadou, Ilias Kasidiaris, Niki Organizations: CNN, Democracy, New Democracy, PASOK, KKE, Panteion University, Spartans, Nazi, Freedom Locations: Greece, Pylos, Turkey, Europe, New, Athens, Golden

☆ Greeks vote in repeat election, likely to return conservatives to office
▼ + stars: | 2023-06-24 | by ( ) www.reuters.com time to read: +2 min

Mitsotakis's New Democracy party won an election on May 21, 20 points clear of the leftist Syriza party that ruled Greece from 2015 to 2019. Mitsotakis, prime minister since 2019, stepped down in favour of a caretaker premier after the inconclusive vote last month, as required by the constitution. The boat had been shadowed by the Greek coast guard before it sank: the coast guard has said that the occupants refused all offers of help. Mitsotakis, whose administration has taken a hard stance on migration, said "wretched traffickers" were to blame for the disaster and praised the coast guard for rescuing people. Tsipras has questioned why the coast guard did not intervene earlier.

Persons: Kyriakos, Kyriakos Mitsotakis, Syriza, Alexis Tsipras, Mitsotakis, Tsipras, Michele Kambas, Frances Kerry Organizations: Greek, New Democracy, REUTERS, Democracy, Thomson Locations: Athens, Greece, Stoyan, ATHENS, Libya, Italy, Europe

[1/24] New Democracy conservative party leader Kyriakos Mitsotakis speaks to supporters outside the party's headquarters, after the general election, in Athens, Greece, June 25, 2023. Fringe parties of the political left and right - including an anti-immigrant party calling themselves the Spartans - got a foothold in parliament. The system used in Sunday's poll gave the leading party bonus seats depending on voter support. The Spartans party, which said Greece was threatened by uncontrolled migration, was the surprise of the campaign. It was set to gain 4.7 of the vote and up to 13 seats in parliament, based on the early results.

Persons: Kyriakos Mitsotakis, Kyriakos, Mitsotakis, Tsipras, Zoe Constantopoulou, Plefsi Eleftherias, Giorgos Katzimertzis, Ilias Kasiadiaris, Gina Kalovyrna, Michele Kambas, Renee Maltezou, Lefteris, Frances Kerry, Emelia, Giles Elgood, Mark Porter Organizations: New Democracy, REUTERS, Syriza, Spartans, European Union, Reuters, Thomson Locations: Athens, Greece, ATHENS, Kasidiaris

☆ Opinion: If a 16 year old can drive, work, pay taxes – why can’t they vote?
▼ + stars: | 2023-06-22 | by ( Opinion Paul Hockenos | ) edition.cnn.com time to read: +8 min

In Germany, this age group can vote in European elections, and the same goes for Belgium, on request. And, when Scotland held its referendum on Scottish independence back in 2014, it lowered the voting age from 18 to 16. In the US, some cities in the states of Maryland and California have lowered the voting age to 16 in certain local elections. The US-based NGO National Youth Rights Association argues that 16- and 17-year-olds should participate on decision making on medical autonomy, curfew, drinking age and age discrimination. “They work and are subject to taxation without representation: income tax, sales tax, payroll taxes and more… The US should continue its democratic tradition of extending voting rights,” he added.

Persons: Paul Hockenos, ”, Paul Hockenos Hayyan, –, Kyriakos Mitsotakis, Grace Meng, Meng, ” Linda Kastrup, Neil Bhateja, Greta Thunberg, they’ll Organizations: CNN, New Democracy Party of Greek, YouTube, Facebook, European Union, Scotland, Scottish, Youth, Youth Rights Association, –, National Youth Rights Association, Twitter Locations: Berlin, Europe, New Berlin, Greece, Austria, Malta, EU, Germany, Belgium, Estonia, Maryland, California, New York, London, Bogota, Nairobi

A new electoral system means New Democracy fell just shy of an absolute majority, paving the way for coalition talks this week though a second vote in June is more likely. Prime Minister Kyriakos Mitsotakis emerged stronger despite a wiretapping scandal, the COVID pandemic, a cost of living crisis and a deadly rail crash in February which triggered public outrage. "I think what Syriza missed was the willingness of the electorate to move away from the crisis politics era. That is what Mitsotakis understood whereas Syriza didn't," said Wolfango Piccoli, co-president of political risk advisory at Teneo. Another leftist party, MeRA25, led by Varoufakis, used a similarly cryptic slogan "Alliance for the Rupture".

☆ Greek elections: Ruling conservatives take lead but fail to secure majority
▼ + stars: | 2023-05-22 | by ( Elinda Labropoulou | ) edition.cnn.com time to read: +6 min

If he fails to form a coalition, a caretaker government will be sworn in and a second vote will take place in late June or early July. “Neither of the two main parties are new to the scene. The turmoil, which one political party referred to as “Greek Watergate,” forced a number of high-profile departures. The most likely scenario is that a caretaker government will be sworn in and a second vote will take place, most likely, in early July. They are expected to rally behind the main parties in a second election where they will want to see a strong government emerge.

☆ After no outright victory, Greek PM to get mandate for coalition
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +2 min

ATHENS, May 22 (Reuters) - Greek Prime Minister Kyriakos Mitsotakis was due on Monday to receive an official mandate to try form a coalition government after falling short of an absolute majority win in Sunday's election. Greek President Katerina Sakellaropoulou was expected to invite Mitsotakis on Monday and hand him a three-day mandate to lead negotiations with other parties to try to form a coalition. If the talks fail, the second and third parties - Syriza followed by the socialist PASOK - each get a three-day mandate as well. Should no party succeed in forming a coalition, Sakellaropoulou will appoint a caretaker government to take the country to a new vote about a month later. On Sunday, Mitsotakis said that people gave him the mandate to "rule strong and autonomous", suggesting he was unlikely to join forces with any other party.

☆ Greek conservatives lead in national election-exit poll
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +1 min

[1/4] Supporters of New Democracy conservative party react at the party's main election kiosk after the announcement of the first exit polls, in Athens, Greece, May 21, 2023. REUTERS/Alkis KonstantinidisATHENS, May 21 (Reuters) - Greek conservatives were leading over the leftist Syriza in elections on Sunday, a joint exit poll by six polling agencies showed. The exit poll gave the conservative New Democracy party between 36-40% of the vote versus 25-29% for the leftist Syriza party, which governed the country in 2015-2019, at the peak of Greece's financial crisis. The projections suggested that New Democracy was not likely to win outright. EXIT POLLExit poll conducted by: ALCO, Marc, Metron Analysis, MRB Hellas, Pulse and GPO* ND: Conservative party, leader PM Kyriakos MitsotakisSyriza: Leftist party, leader Alexis TsiprasPASOK: Socialist party, leader Nikos AndroulakisKKE: Communist party, leader Dimitris KoutsoumbasMera25: Leftist party, leader Yanis VaroufakisEL: Right-wing Elliniki Lysi (Hellenic Solution), leader Kyriakos VelopoulosPlefsi Eleftherias, leftist party, leader Zoe ConstantopoulouReporting by Athens newsroomOur Standards: The Thomson Reuters Trust Principles.

☆ Greece’s election rivals cast their votes
▼ + stars: | 2023-05-21 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsGreece’s election rivals cast their votesPostedGreece's Prime Minister Kyriakos Mitsotakis and main opposition party leader Syriza party Alexis Tsipras cast their vote on Sunday (May 21) as the country went to the polls in a general election unlikely to produce a clear winner.

☆ Greek conservatives win parliamentary election
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +1 min

[1/6] Supporters of New Democracy conservative party react at the party's main election kiosk after the announcement of the first exit polls, in Athens, Greece, May 21, 2023. REUTERS/Alkis KonstantinidisATHENS, May 21 (Reuters) - Greece's conservative New Democracy party achieved a crushing victory in a national election on Sunday, official results showed. New Democracy had a lead of 40.8% of the vote based on 94.3% of the votes counted versus 20.1% for the leftist Syriza party, but fell just short of the threshold needed to form a government on its own. Following are the official results released by the Interior Ministry. Source: Interior Ministry data, with 94.3% of votes countedND: Conservative New Democracy party, leader Kyriakos MitsotakisSyriza: Leftist coalition party, leader Alexis TsiprasPASOK: Socialist party, leader Nikos AndroulakisKKE: Communist party, leader Dimitris KoutsoumbasEL: Right-wing Elliniki Lysi (Hellenic Solution), leader Kyriakos VelopoulosReporting By Athens BureauOur Standards: The Thomson Reuters Trust Principles.

☆ With His Party Ahead in Elections, Greek Leader Claims ‘Political Earthquake’
▼ + stars: | 2023-05-21 | by ( Niki Kitsantonis | ) www.nytimes.com time to read: +1 min

The governing party of Greece’s conservative prime minister, Kyriakos Mitsotakis, was way ahead of the opposition in the general election on Sunday but falling short of the majority required to secure another term, setting the stage for another election in weeks, since Mr. Mitsotakis appeared to rule out forming a coalition government. Mr. Mitsotakis described the preliminary outcome as a “political earthquake” that called for an “experienced hand to the helm” of Greece, and said that any negotiations with fractious potential coalition partners would only lead to a dead end. With 93.7 percent of the votes counted on Sunday night and his party, New Democracy, leading the opposition Syriza by 20 percentage points, Mr. Mitsotakis greeted a crowd of cheering supporters outside his party’s office in Athens. “We kept the country upright and we’ve laid the foundations for a better nation,” he said. “We will fight the next battle together so that at the next elections what we already decided on, an autonomous New Democracy, will be realized.”

☆ Greece's ruling Conservatives win vote but fall short of majority
▼ + stars: | 2023-05-21 | by ( ) www.cnbc.com time to read: +2 min

Greece's ruling New Democracy party stormed to a crushing victory in a parliamentary election on Sunday but fell just short of the threshold needed to form a government on its own. Greece's interior ministry projected that New Democracy could win 145 seats in parliament, six short of an absolute majority. On Monday, Greek President Katerina Sakellaropoulou will give the top three parties — New Democracy, Syriza and the Socialist PASOK — three days each in turn to form a coalition government. Prime Minister and New Democracy leader Kyriakos Mitsotakis said he believed he was given a clear mandate. Tsipras telephoned Mitsotakis to congratulate him on his win, a Syriza official said.

☆ Greeks head to polls, no outright winner seen
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +2 min

While opinion polls have placed the ruling conservative New Democracy party in the lead, a change to the country's electoral system means it is likely to fall short of an absolute majority. New Democracy, headed by Prime Minister Kyriakos Mitsotakis, is polling between 31-38%, followed by opposition leftist Syriza, trailing by 4-7 points. Should no party win outright, Greek President Katerina Sakellaropoulou will give the top three parties a three-day mandate each, in turn, to form a government. If they all fail, Sakellaropoulou will appoint a caretaker government that will lead the country to new elections roughly a month later. Reporting by Renee Maltezou, Writing by Michele Kambas, Editing by Clelia OzielOur Standards: The Thomson Reuters Trust Principles.

☆ Take Five: More drama on the horizon
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +5 min

LONDON, May 19 (Reuters) - There's no shortage of events, data and high drama for markets in the days ahead. 1/ USA WATCHCritical U.S. inflation data will allow investors to gauge whether the Federal Reserve will be able to pause its interest rate hiking cycle, as many on Wall Street expect. The personal consumption expenditures (PCE) price index, tracked by the Fed, is due on Friday for April. That was the smallest rise since July and, with the consumer price index slowing in April to below 5% on annual basis, hope for peak rates has grown. Yet this narrative could lose steam if Wednesday's April inflation data shows price rises are moderating.

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