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Economy

Minister: Greek Economy Can Endure a Possible Second Lockdown

September 22, 2020

ATHENS — The Greek economy can endure a possible second lockdown, Finance Minister Christos Staikouras said on Tuesday. In comments made to SKAI TV, Staikouras added that the government has not so far revised its estimate for an 8.0 pct economic recession this year, but warned that there was serious uncertainty on this score, since the data changed on a weekly basis. "You could see me changing these estimates next week," he stressed. He reaffirmed that the expected economic growth forecasted for next year will not fully cover this year's losses.

Staikouras also said that the ministry will legislate to allow taxpayers to pay the first two tranches of a special property tax (September and October) by the end of October if they wished to, without any surcharges.

 

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ATHENS - If the Bank of Greece did not operate under the protection of the institutional framework of independence, after what happened in 2015, the country would have perhaps left the eurozone, Bank of Greece (BoG) governor, Yannis Stournaras, said on Saturday during the Kathimerini conference in a panel titled: "In the next 50 years, is Democracy safe?" Is Greece reformable?" "Who doubts that if it wasn't for the Bank of Greece, we might not be in the euro after the adventure of 2015?" he said.

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