Greek Economic Conditions Will Be Better Than in Europe, FinMin Says

ATHENS – The effects of the global crisis will continue to affect Greece as well, Finance Minister Christos Staikouras said on Thursday speaking to the radio station “Parapolitika 90.1”, while adding that the state of the Greek economy will be better than in much of Europe, with the figures indicating that Greece will not go into recession, as is forecast to happen for half of European countries.

He noted that Greece achieved the largest reduction of public debt as a percentage of GDP in recent years and he reiterated that the main goal of economic policy in 2023 was for Greece to have a primary surplus that will lead it to achieving investment grade status.

The minister also spoke of a threefold growth rate in 2023 compared to Europe and an increase in investments this year and in 2024.

At the same time, he did not rule out the possibility that additional fiscal space will be created, which will be made available to society.


ATHENS - A rapprochement of sorts that has seen tensions dialed down between them doesn’t mean Greece isn’t still wary of Greece, said Defense Minister Nikos Dendias, saying there is still an “existential threat” despite warmer ties.

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NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


2 Germans, a Spaniard and a Senegalese Killed in Building Collapse in Spain’s Mallorca Island

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SPRINGFIELD, Ill.  — The Abraham Lincoln Presidential Library and Museum is once again under the spotlight after a manager failed to consult a collections committee before purchasing a 21-star flag whose description as a rare banner marking Illinois' 1818 admission to the Union is disputed.

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ATHENS – An Archieratical Divine Liturgy and a memorial service honoring the 50th dark anniversary of the Turkish invasion of Cyprus at the Metropolis – the Greek Orthodox Cathedral of Athens – marked the beginning of the 4th Archon International Conference on Religious Freedom of the Archons of the Ecumenical Patriarchate on Sunday, May 26.

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