Greece

Fraud investigations dominated the morning as Health Minister Adonis Georgiadis reported his email was hacked to place orders for rifles and a fleet of Porsches. In a separate case involving an investor, authorities seized 224 luxury vehicles including Bentleys and 150 Porsche Cayennes. It appears that even for those who do not order them via phishing, German luxury cars remain the preferred currency of the investigated.

A report on the Tax Authority (AADE) suggests its inspectors have been focusing their energy on souvlaki shops while overlooking pastry vendors and a specific chain of stores. This selective scrutiny comes as the livestock industry warns that feta cheese could reach 20 euros. The Ministry of Rural Development is currently assessing how many herds have been lost and how much more the national salad can endure.

Tensions remain over the electricity cable project connecting to Cyprus, with a French research vessel preparing to resume surveys near Kasos. While Brussels watches the energy link, Athens is busy asserting its sole right to grant permits in the area. Separately, the economy is awaiting its latest evaluation from Fitch, a process that usually reminds the capital that strengths and risks are often two sides of the same ledger.