x

Politics

Charitsis: Without Generous State Intervention We Can’t Hope to Stave off Recession

ATHENS – "Either the Mitsotakis' government has not understood that an unprecedented recession is coming or, even worse, it has a specific plan based on its ideological obsession that the invisible hand of the market will intervene to regulate the crisis – which is a disastrous choice," underlined main opposition SYRIZA spokesperson Alexis Charitsis while speaking to SKAI TV on Wednesday.

"It has now been internationally acknowledged that without generous state intervention, we can't hope to stave off the recession. France, the UK, Germany and other European countries are taking measures to provide state support to their economy and society. The Greek economy and particularly sectors like catering and tourism have urgent need of a generous support programme that will provide relief for enterprises, employees and households. The suspension of debts and additional borrowing do not solve the problem," Charitsis said.

He noted that the recession will be very deep and long and that the repercussions for the Greek economy will be greater than for any other European country due to its special conditions, its dependence on tourism and private consumption, as well as its fragility after a 10-year recession from which it had just emerged.

Concluding, he referred to the reopening of schools and said that the government is taking a needless risk by opening schools, especially primary schools, for only 10 days, which it should have explained not to the main opposition but to the families and educational community who were justifiably concerned. "This move does not serve educational but only political purposes," Charitsis added.

 

RELATED

LAMIA, Greece - Prime Minister Mitsotakis on Tuesday morning attended a special event organised near the tunnel of Orthris, ahead of the delivery on Tuesday afternoon of the two remaining sections of the E65 motorway traversing Central Greece.

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

A Palestinian Baby in Gaza is Born an Orphan in an Urgent Cesarean Section after an Israeli Strike

RAFAH, Gaza Strip (AP) — Sabreen Jouda came into the world seconds after her mother left it.

Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday.

MELBOURNE, Australia (AP) — Australia and Papua New Guinea’s prime ministers on Tuesday began trekking into the South Pacific island nation’s mountainous interior to commemorate a pivotal World War II campaign and to underscore their current security alliance, which faces challenges from China's growing regional influence.

LONDON (AP) — It’s springtime in Europe — time for the annual blossoming of spectacle and sound known as the Eurovision Song Contest.

AUBURN, Wash. (AP) — After a series of lower-paying jobs, Nicole Slemp finally landed one she loved.

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.