Political uncertainty in Greece is intensifying pressure on the energy sector, with market participants grappling with reports of a potential €2 billion spending package ahead of elections.
While the government maintains that elections will not occur until 2027, behind-the-scenes discussions suggest a different timeline, creating volatility for investors exposed to Greek assets.
The uncertainty is compounded by emerging scenarios regarding Motor Oil Hellas, the country’s largest independent oil refiner.
Reports indicate that institutional investors may face restricted access to the company, raising concerns about liquidity and valuation stability.
This development comes at a time when global energy markets are already sensitive to geopolitical shifts and supply chain disruptions.
The combination of political ambiguity and potential institutional barriers is likely to widen the risk premium on Greek equities, particularly in the energy segment.