x

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".

RELATED

ATHENS - In what could be another scandal, Greece’s Competition Commission and the European Public Prosecutor’s Office (EPPO) are reportedly looking into 2.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

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.

Video

New York Greek Independence Parade Honors 1821 and Grim Anniversary for Cyprus (Vid & Pics)

NEW YORK – The New York Greek Independence Parade on Fifth Avenue, commemorating the 203rd anniversary of the Greek Revolution of 1821, was held in an atmosphere of emotion and pride on April 14.

ATHENS - If you can fork over 5,000 euros ($5330) Greece is offering private tours of the otherwise mobbed Acropolis and Parthenon, limited to four groups up to five people escorted by expert archaeologists, while those who can’t afford it will have to wait outside.

STATEN ISLAND – It seemed as though the entire Greek community of Staten Island, the parish of Holy Trinity - Saint Nicholas, including the participants in its youth programs, Greek and Sunday schools, ‘Syllogos Kritiki Filoxenia' - Cretan Hospitality association, the Pancyprians of Staten Island ‘Aphrodite’ and the Hellenic Classical Charter school turned out for this year’s Greek Independence parade on 5th Avenue in Manhattan.

ATHENS - China’s Ambassador to Greece, Xiao Junzheng, has called on the European Union not to put restrictions on high-tech products critics said are being used as spyware for China’s government.

ATHENS - Greeks trying to hide their income to avoid some of the highest tax rates in Europe are increasingly being caught by audits and cross-checks, and authorities moving to immediately confiscate assets.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

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