x

Economy

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.

RELATED

MYKONOS - Amazon owner Jeff Bezos and his partner, American media personality Lauren Sánchez, were among the bevy of celebrities visiting Greece during a heatwave but they have a swimming pool on his 417-foot $500 million superyacht, which was seen off Mykonos.

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

Alberto, Season’s First Named Tropical Storm, Dumps Rain on Texas and Mexico, Which Reports 3 Deaths

TAMPICO, Mexico (AP) — Tropical Storm Alberto rumbled toward northeast Mexico early Thursday as the first named storm of the season, carrying heavy rains that left three people dead but also brought hope to a region suffering under a prolonged, severe drought.

Saturday, June 15, evening, a Democratic campaign event in Los Angeles.

BOSTON – The 10th International Summer University was recently held at the Maliotis Cultural Center in Brookline, MA.

Greek-American Daren Metropoulos is a principal at the private-equity firm Metropoulos & Co.

WASHINGTON (AP) — A 22-year-old woman who became an abortion rights advocate after she was raped by her stepfather as a child will campaign with first lady Jill Biden in Pennsylvania this weekend as part of a 2024 election push around the anniversary of the fall of Roe v.

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.