KEFALONIA – Even record-busting tourist arrivals and big spending during the lingering COVID-19 pandemic that swelled state coffers hasn’t been enough to assuage worry that Greece’s economy can sustain state subsidies to deal with soaring inflation.
Prime Minister Kyriakos Mitsotakis said that his New Democracy government, which poured more than 17.5 billion euros ($17.82 billion) into aid for workers and businesses during lockdowns, will “continue to exhaust the fiscal margins of the state budget in order to support citizens to cope with this ‘invasion’ of imported inflation and the impact it is having.”
He was speaking from the Ionian island of Kefalonia and said the Greek economy “is growing rapidly, largely as a result of the excellent tourist traffic and the significant investments made in our country,” said Kathimerini.
But he added, “We are facing very strong winds, which are creating a great degree of insecurity in the global economy. “The cost of living and inflation are phenomena that are global, they are also hitting the Greek economy, they are also nibbling away at the Greek disposable income,” he also said.
ATHENS - You wouldn’t imagine it from the busy streets of Athens and Greek cities buzzing with activity, people out dining, having coffee and socializing but large numbers of elderly in the country spend their days alone in remote areas.
FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.
WASHINGTON (AP) — Step inside the White House during the holidays by walking beneath the branches of a Christmas tree.
LOS ANGELES – The Los Angeles Greek Film Festival (LAGFF) hosts an in-person screening of Greece’s Oscar entries which compete for nominations in December - Asimina Proedrou’s top Iris Award-winner ‘Behind the Haystacks’ (Πίσω από τις Θημωνιές) and Thanasis Neofotistos’ multiple-award-winning short film ‘Air Hostess – 737’ - on Sunday, December 10, 5:30 PM, at the Gianopulos Family Theater at St.
LOS ANGELES – The Saint Sophia Greek Orthodox Cathedral community is calling for cookies for the reception following the 24th Annual Christmas Concert on Sunday, December 3.
WASHINGTON (AP) — Step inside the White House during the holidays by walking beneath the branches of a Christmas tree.
UTTARKASHI, India (AP) — All 41 construction workers who were trapped in a collapsed mountain tunnel in northern India for more than two weeks were pulled out on Tuesday, bringing an end to a drawn-out rescue mission that had grabbed the country's attention for days.
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