With Germany’s economy stalling, tentative growth in Portugal, Italy, Greece and Spain is some good news for the Eurozone. Will it last?
Having survived more than a decade of upheaval, Greek hotelier Yiannis Retsos believes he has honed the ability to withstand any form of adversity. “I’m the ideal to deal with crises,” says the 55-year-old chief executive of Athens-based luxury hospitality group Electra Hotels & Resorts. Retsos sees himself as part of a lost generation of Greek businesspeople whose ambitions were crushed as they grappled with the worst economic slump in a developed country since the Depression.
In renewable energy, Spain welcomed 54 new projects in the same period of 2024, ranking third behind the US and UK, after ranking joint first with 77 new projects alongside the US in 2023. According to Spanish grid operator Red Eléctrica, renewables in 2024 accounted for 56 per cent of all electricity production — the second year in a row that they generated more electricity than fossil and nuclear fuel combined.
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