Greek FinMin Presents Next Policy Moves on Economy, Society

ATHENS — Greek Finance Minister Christos Staikouras on Friday presented the government's next policy moves, focusing on six interventions in economy and society.

These interventions are: reducing taxes and particularly social insurance contributions; a new bankruptcy code to deal with private debt; implementing a privatizations plan; continuing the digital transformation of the public sector; implementing a reform agenda and structural reforms; and promoting green investments.

Referring to the day after the crisis, Staikouras said that quantity was not enough (return to positive growth rates) but quality is needed, hinting at the necessary change of a productive model in the country. He said that priority was to cover an investment gap existing before the pandemic, combined with protecting social cohesion.

Addressing a panel at the online Delphi Economic Forum, the Greek minister said that first-quarter data showed less damage on the country's GDP compared with the rest of the Eurozone and noted that the economic climate was clearly less affected by the pandemic.

Commenting on a successful issue of a 10-year bond and a positive evaluation report by European institutions, he said that all these showed that the country was moving towards the right direction. Staikouras said economic support measures were estimated at around 24 billion euros and noted that if fiscal conditions allowed it, the cost could be raised. He said that funds from an EU Recovery Fund would be available in the first quarter of 2021.



ATHENS - After saying a Value Added Tax (VAT) on food as high as 24 percent couldn’t be reduced because it was unaffordable, the New Democracy government has given a cut from that rate to 13 percent for taxis.

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.


It’s Not as World-Famous as Ramen or Sushi. But the Humble Onigiri is Soul Food in Japan

TOKYO (AP) — The word “onigiri” became part of the Oxford English Dictionary this year, proof that the humble sticky-rice ball and mainstay of Japanese food has entered the global lexicon.

MIAMI GARDENS, Fla. (AP) — Maximiliano Araújo scored when he sent a long-range shot into the top far corner in the 16th minute, Darwin Núñez and Matías Viña added late goals and Uruguay beat Panama 3-1 on Sunday night in its Copa America opener.

The Netherlands needs a point from its final group game Tuesday against Austria to be sure of reaching the knockout stage of the European Championship, while Austria needs a win.

NEW YORK (SEND2PRESS NEWSWIRE) — Czech composer, Tatiana Mikova, presents her String Quartet, “In Modo Lidico,” at Carnegie Hall’s Progressive Musicians Laureate Gala.

Israeli Prime Minister Benjamin Netanyahu has said he will only accept a partial cease-fire deal that would not end the 8-month-long war in Gaza, casting doubt on the viability of a U.

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.