x

Economy

Alexis Tsipras Presents SYRIZA Proposal for the Economy

ATHENS – SYRIZA leader Alexis Tsipras presented the party's plan for the second phase of the coronavirus crisis fallout on the economy, Menoume Orthioi II (We remain standing), at Zappeion Hall on Monday night.

After acknowledging that the government followed the directives of scientists on the crisis, the main opposition leader criticized it for "now focusing only on how to use the crisis to accelerate all reactionary measures" intended for the economy, labor and the social state even before the pandemic. Prime Minister Kyriakos Mitsotakis, he charged, "believes that the economy can revive without injecting liquidity into the market."

The program Tsipras presented, covering the coming four months, includes a fiscal expansion program of 13.4 billion euros for the real economy and households, as well as measures for all employees, unemployed and independent business owners.

It includes support of jobs, not suspension of it, the Syriza leader said, and includes the introduction of an emergency wage, reduction of VAT in the food sector by 6 pct, reduction of pre-paid tax for businesses by 50 pct, special loan-guarantee tools through the Development Bank, and a subsidized program for domestic tourism for 3 million Greeks.

"The plan we present is not a proposal for the sake of opposition criticism – at its core is the boosting of demand, or the support of jobs and employees' income," the Syriza leader said. "That's why we support every proposal for sharing risk and redistribution of the burden to the benefit of weaker countries and regions of Europe, and the Franco-German proposal, despite its weaknesses, expecting the greatest possible support of the Greek economy by European funds."

The presentation is continuing, and other speakers expected to address the audience as well.

RELATED

ATHENS - S&P credit rating agency upgraded Greece’s outlook to 'positive' from 'stable' on Friday, April 19, 2024 while maintaining the investment-grade rating of BBB-.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Over 100 Pilot Whales Beached on Western Australian Coast Have Been Rescued, Officials Say

MELBOURNE, Australia (AP) — More than 100 long-finned pilot whales that beached on the western Australian coast Thursday have returned to sea, while 29 died on the shore, officials said.

On Monday, April 22, 2024, history was being written in a Manhattan courtroom.

PARIS - With heavy security set for the 2024 Paris Olympic Games during a time of terrorism, France has asked to use a Greek air defense system as well although talks are said to have been going on for months.

WASHINGTON (AP) — A tiny Philip Morris product called Zyn has been making big headlines, sparking debate about whether new nicotine-based alternatives intended for adults may be catching on with underage teens and adolescents.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.