Gentioni Congratulates Greece for Rapid Adoption of Measures to Support the Economy

ATHENS — EU Commissioner for Economy Paolo Gentiloni said he was impressed by the measures that Greece took in order to tackle the pandemic at all levels.

Speaking at an online conference organized by the European Commission in co-operation with the Foundation for Economic and Industrial Research (IOBE) entitled "Stimulating a resilient recovery for Greece through investments, digital transformation and green economy", Gentiloni expressed his confidence that, with full utilization of the European Recovery Fund's resources, the Greek economy will flourish and Greece will be able to play an important role in the region. The Commissioner noted that the Commission does not see a second round of the pandemic in Europe, but stressed that uncertainty remains for its economy.

Gentiloni congratulated the Greek authorities and especially Finance Minister Christos Staikouras for the rapid adoption of a comprehensive package of measures to support the economy, amounting to 10.5 pct of GDP for 2020. The next challenge for Greece, as for the other EU countries, he added, it will be to make full use of the important EU resources that will be available to finance the recovery. This, he said, would require a clear set of goals with agreed schedules and milestones, while stressing that the first step would be the recovery plan that Greece will submit, which should focus on the green transition of the economy and its digital transformation.

The Commissioner said that this is an opportunity to implement reforms to eliminate the narrow-mindedness that has long negatively affected the productivity and the growth of the Greek economy. It is also an important opportunity to make investments that will make the economy more innovative, competitive, fair and future-oriented, he added.


ATHENS - Union of Greek Shipowners (UGS) President Melina Travlos - who in 2022 defended Greek ships for carrying Russian oil - rejected criticism of Greek shipowners who further enriched themselves and reports of violating sanctions.

Top Stories


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.


Jerry West, who was selected to the Basketball Hall of Fame three times in a storied career as a player and executive and whose silhouette is considered to be the basis of the NBA logo, died Wednesday morning, the Los Angeles Clippers announced.

PARIS (AP) — Françoise Hardy, a French singing legend and pop icon since the 1960s, has died.

CASTLETON, England (AP) — Finally, a sign I couldn’t miss or misunderstand.

ATHENS - Acknowledging disappointing results in European Parliament elections for New Democracy, Prime Minister Kyriakos Mitsotakis said there won’t be early elections in Greece and dismissed any idea of taking New Democracy further right.

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.