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Economy

Staikouras: Greece Will Not Impose a New Lockdown

November 26, 2021

ATHENS – Greek Finance Minister Christos Staikouras on Friday reiterated that the government will not impose a new lockdown and that the country’s cash reserves were secure and sufficient to meet any possible crises.

In comments made to SKAI radio, the FinMin said: “We will be at society’s side for as long as it takes in 2022 also, both on the pandemic front and for the energy crisis.” Staikouras noted that the government will have disbursed 43.3 billion euros to support society between 2020 and until 2022 and stressed that the money borrowed by the country was raised with very favourable conditions.

He said that the state budget’s primary deficit will reach 7% of GDP, or 13 billion euros, this year, while the country’s public debt will reach 200% of GDP or 350 billion euros. Staikouras said he expected that Europe will begin a fiscal adjustment in 2022 without any austerity measures but through economic growth and that fiscal rules will come back in force from 2023.

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Mission…to Alonnisos, a TNH Documentary

O oceanic you sing and sail White on your body and yellow on your chimeneas For you're tired of the filthy waters of the harbors You who loved the distant Sporades You who lifted the tallest flags You who sail clear through the most dangerous caves Hail to you who let yourself be charmed by the sirens Hail to you for never having been afraid of the Symplegades (Andreas Empeirikos)   What traveler has not been fascinated by the Greek islands, drawn by the Sirens’ song of a traveler’s dreams? TNH and our video show ‘Mission’ marked the change of the season by transporting viewers into the heart of summer.

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