Greece is facing a growing medium- and long-term fiscal risk due to wildfires and heatwaves, according to a senior adviser to Prime Minister Kyriakos Mitsotakis. The government is pursuing investments in water and energy infrastructure in tourism hotspots to mitigate these risks.
Investment Strategy
The investment strategy aims to strengthen water and energy infrastructure in areas such as Mykonos, Santorini, and Crete. The government is also seeking to attract private capital to support these efforts.
The strategy targets various regions, including Epirus, the North Aegean islands, Thessaloniki, and the Peloponnese. The release of Christopher Nolan’s film ‘The Odyssey’ has fueled growing tourist interest in these areas.
Hotter summers are extending the tourism season, drawing visitors from as early as April through October and November. This trend is helping to support tourism revenues.
The government is exploring incentives to boost insurance coverage among households and businesses. It is also encouraging insurers to offer affordable policies.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
