x

Economy

Greece to Announce New Support Package against Wave of Price Increases

December 14, 2021

ATHENS – The Greek government plans an additional package of measures to help households and enterprises deal with the wage of price increases, Finance Minister Christos Staikouras said on Tuesday. In comments made to SKAI TV, Staikouras said: “We are planning a grid of interventions for the total and concise help to households and enterprises”.

The FinMin acknowledged that the wave of price increases is more acute and will last longer than anticipated. Especially the inflation rate in the country “I confirm it will be higher in December, probably above 5%”. He reiterated, however, that this phenomenon will be transitory and price increases on goods and services will begin de-escalating by the second quarter of 2022. Staikouras left the door open to abolish a solidarity contribution paid by workers in the public sector in 2023. Commenting on a recent rise in borrowing costs, the Greek Finance minister said “calm, prudence and insight was needed. Essentially, Greece will continue having a favorable status by the European Central Bank and the goal was to obtain an investment grade by 2023 at the latest”.

RELATED

ATHENS - Constant assertions that Greece is pushing back refugees and migrants at sea trying to reach Greek islands, and on land borders were repeated by Turkey’s Coast Guard which said it had saved 36 people it said were repelled by Greece.

Top Stories

Church

OCEAN, NJ – Rafaella Lambrinos, whose family is from Karpathos originally, spoke with The National Herald about the Adopt a Yiayia and Pappou program she founded at St George Greek Orthodox Church in Ocean, NJ, which connects youth and seniors from her church community through weekly phone conversations.

Associations

NEW YORK – Greek-American Trevor Zegras, forward for the Anaheim Ducks is set to play in his first NHL game in New York City against the Rangers at Madison Square Garden on Tuesday, March 15, 7 PM.

General News

WASHINGTON, DC – AHEPA deeply mourns the passing of Past Supreme President and co-founder of AHEPA National Housing Corporation (ANHC) Nick Smyrnis.

Video

1 Killed, 8 Hurt as Suspected Gas Explosion Hits Bronx Home

NEW YORK — A suspected gas explosion partially collapsed a home in the Bronx, setting the structure ablaze and killing a woman and injuring eight other people, including five police officers, officials said.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.