In September 2023, Kasselakis, a former Goldman Sachs trader, was elected to lead Syriza, sparking toxic infighting within the party due to his controversial views on the economy, NATO, and Israel, as well as questions about the legitimacy of his wealth declaration. Following poor performance in the EU elections, numerous members left to form the New Left party, leading to ongoing discord and Kasselakis being blocked from standing as a candidate for Syriza leadership. Recently, several MPs have announced their departure from Syriza, potentially shifting Pasok to become the main opposition party in Greece.
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Eurozone economy grows 0.4% in first quarter ahead of Trump’s tariffs
The Eurozone economy grew 0.4% in Q1, exceeding expectations ahead of Donald Trump's tariff announcements, doubling the previous quarter's growth of 0.2%. Analysts predict that the ensuing global trade war will adversely affect future performance, with indicators of declining business confidence and potential for a technical recession in H2. The European Central Bank has repeatedly lowered growth forecasts, now at 0.9% for 2025, and anticipates further interest rate cuts amidst rising trade tensions, while Germany...
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