Finance Minister Says Greece Has Economy Recovery Plan

October 22, 2021

ATHENS – Lockdowns to deal with the COVID-19 pandemic battered Greece just when it was beginning a slow recovery from a near decade-long fiscal and austerity crisis but Finance Minister Christos Staikouras said he knows the road back.

He was so giddy about the prospects that he predicted an all-out recovery on a number of fronts, also including the health sector, fighting climate change, finding energy sources and dealing with geopolitical challenges.

Addressing the 4th Athens Investment Forum, titled Greece 2.0 – An Investment Tidal Wave for the Greek Economy, he said the New Democracy government had to reset its priorities because of the pandemic, which required 42.7 billion euros ($49.68 billion) in subsidies to workers temporarily laid off and their businesses, which had to close for months.

The government has essentially admitted it’s now tilting toward favoring the economy over trying to slow the pandemic, even at the cost of deaths, and seeking foreign investors.

He said the government’s goals are to achieve high and sustainable growth rates, investments and exports, ending surveillance by the country’s European creditors by 2022, lowering bad loans held by banks and reaching an investment grade rating.


ATHENS — Two men play with a ball in the placid sea; a woman practices yoga where the water meets the hot sand.

Top Stories


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

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.


Lebanon’s Christians Feel the Heat of Climate Change in Its Sacred Forest and Valley (Vid)

BCHARRE, Lebanon (AP) — Majestic cedar trees towered over dozens of Lebanese Christians gathered outside a small mid-19th century chapel hidden in a mountain forest to celebrate the Feast of the Transfiguration, the miracle where Jesus Christ, on a mountaintop, shined with light before his disciples.

MANCHESTER, England (AP) — Pep Guardiola's confidence in Manchester City remains unshaken even after a three-game winless run.

MANCHESTER, England (AP) — After reports of player unrest, Manchester United barred journalists from a pre-game news conference with Erik ten Hag on Tuesday as the Dutchman spoke ahead of a latest crunch match for his troubled team.

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.