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Economy

Staikouras: Higher Growth Rate Means Greater Returns for Society

September 21, 2021

ATHENS — "The higher the growth rate, the greater will be our return to society," Finance Minister Christos Staikouras said on Tuesday. In comments made to SKAI television station, Staikouras said that there will be greater fiscal flexibility for the middle class and lower incomes, adding that the country was covering the ground lost in 2020 more quickly and that, based on indicators for the third quarter, economic growth will be stronger than the latest forecast of 5.9 pct.

The FinMin said that tax revenue was positive in September and in particular VAT proceeds. Staikouras said that if economic growth is higher and budget execution better, "we will discuss new policy priorities". Commenting on developments with the Chinese group Evergrande, he noted that Greece has built a "strong wall of immunity" around its state coffers but noted that "no political leadership of the finance ministry should be unconcerned".

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Video

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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