x

Economy

FinMin: Greece Has to Exploit All of Its Comparative Advantages to Move Forward

January 22, 2021

ATHENS — "The Greek government is working with a plan, method and flexibility to lead the country out of the health crisis and to enter an orbit of high, sustainable, smart growth without any exclusions, laying the foundations for a future of prosperity, opportunities and capabilities for the next generations," Finance Minister Christos Staikouras said on Friday.

Speaking in Parliament, during a discussion on government plans to exploit EU Recovery Funds, Staikouras noted that no country was prepared to face the turbulence caused by the pandemic crisis and strongly criticised opposition party KINAL for a "lack of responsibility".

"The government has supported the business community to minimise the impact of the crisis," Staikouras said, and noted that these measures focused on boosting liquidity and protecting employment, adding that the government will not stop its efforts to support enterprises with a sense of responsibility. "We have no illusions. The next few months will be difficult. A return to normality will be gradual and as a country we have to exploit all of our comparative advantages, historic, geographical, geopolitical and environmental."

The finance minister also refered to a National Recovery and Resilience Plan, designed to help in the maximum exploitation of EU funds and to redirect the Greek economy towards a new, modern, open, socially fair model that will boost productivity and structural competitiveness, employment, investments and social cohesion. Staikouras said Greece expects to receive funds worth 5.5 billion euros from the Recovery Fund in 2021.

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.