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Economy

Staikouras: Greek Economy on Course for a Strong, Dynamic Recovery

October 21, 2021

ATHENS — Greece is on course for a strong, dynamic recovery and is meeting all the multiple challenges it faces – in health, climate, the economy, energy and geopolitically – with “a plan, method, insight and determination,” Greek Finance Minister Christos Staikouras said on Thursday.

In one of the opening speeches in the “Greece 2.0 Plan – Impact on the Greek Economy” segment of the 4th Athens Investment Forum “Greece 2.0 – An Investment Tidal Wave for the Greek Economy”, Staikouras stressed that the government was forced to reset the priorities of its economic policy, supporting society and the real economy with generous and efficient measures worth 42.7 billion euros in the 2020-2022 period to help cushion the economy from the impact of the coronavirus pandemic and to implement measures for growth. He noted, however, that the government did not lost sight of the need for a prudent fiscal policy, along with implementing structural reforms, privatisations and investments.

The Greek FinMin presented the goals of the government’s economic policy in the next two years, saying that these are: achieving high and sustainable growth rates, improving the composition of GDP with a significant increase in investments and exports, exiting a regime of enhanced surveillance in 2022, reducing non-performing loans to a single-digit figure in 2022, achieving realistic primary surpluses from 2023 and obtaining an investment grade in 2023.

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