Greece unveils €2.2B support package for 2027

The package signals a pre-election pivot toward redistribution, using projected 2026 budget outperformance to fund targeted relief. Its significance lies in the fiscal credibility test: whether subsidies and tax cuts can indeed be delivered without loosening the primary surplus that underpins Greece's investment-grade status. For markets, the watchpoint is whether this marks the start of a broader spending cycle or a one-off measure. The framing around self-employed and middle-income groups suggests political calculus, but the durability of the growth assumptions behind the budget headroom is the real variable to monitor.