x

Economy

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.

 

RELATED

ATHENS - In what could be another scandal, Greece’s Competition Commission and the European Public Prosecutor’s Office (EPPO) are reportedly looking into 2.

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

New York Greek Independence Parade Honors 1821 and Grim Anniversary for Cyprus (Vid & Pics)

NEW YORK – The New York Greek Independence Parade on Fifth Avenue, commemorating the 203rd anniversary of the Greek Revolution of 1821, was held in an atmosphere of emotion and pride on April 14.

NEW YORK  — The historic hush money trial of Donald Trump got underway Monday with the arduous process of selecting a jury to hear the case charging the former president with falsifying business records in order to stifle stories about his sex life.

ATHENS - The New Democracy's ballot paper was presented at a special event at the Athens Auditorium on Monday.

JERUSALEM  — Israel’s military chief said Monday that his country will respond to Iran’s weekend attack, but he did not elaborate on when and how as world leaders urged Israel not to retaliate, trying to avoid a spiral of violence in the Middle East.

FRANKLIN, TN – After the amazing success of first two Annual Greek Adoptee Reunions in Nashville, TN, in August 2022 and in their homeland of Greece in October 2023, Greek-born adoptees are poised to converge on Louisville, KY, for the Third Annual Greek Adoptee Reunion, June 20-22.

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.