x

You’ve reached your limit of free articles for this month.
Get unlimited access to The National Herald,
starting as low as $7.99/month for digital subscription & $5.99/month for a delivery by mail subscription

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.

RELATED

ATHENS - Soaring energy prices brought by Russia’s invasion of Ukraine and trying to wean off dependency on Russian supplies has led Greece’s New Democracy government to move to suspend a climate change law that Prime Minister Kyriakos Mitsotakis had touted as critical.

Top Stories

General News

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.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Mission, TNH’s New Travel Documentary Series with Clelia Charissis (Trailer)

Every weekend, TNH and Clelia Charissis are on a mission, traveling around Greece and the world to highlight places through the people we meet along the way.

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.