“We Will Respect Court Decisions,” Greek FinMin Says

ATHENS — "We will respect court decisions, which means we will implement them," Greek Finance Minister Christos Staikouras said on Wednesday, commenting on a decision by the Council of State, Greece's supreme administrative court, for the retroactive payment of pensions cut under austerity measures. He added that the decision will be examined to determine the fiscal cost. "We will see the capabilities of the country and when we are ready we will make announcements," he noted.

In comments made to SKAI TV, Staikouras said there will be no tax increases and noted that the Greek economy will withstand another coronavirus outbreak in the autumn. He said that the ministry has not changed its estimates for a 5-8 pct of GDP recession this year and noted that more specific estimates will be made in October with the presentation of the draft budget.

Addressing a teleconference for the presentation of a survey by the Foundation for Economic and Industrial Research (IOBE), Staikouras said: "Our goal is to continue taking all necessary initiatives so that privatisations and exploitation of state property contribute decisively to attracting investments and turning the Greek economy towards a new production and growth model, based on products and services of high added value and in sectors where the country has a comparative advantage".


ATHENS – Health restrictions and worries about the lingering COVID-19 pandemic set aside, so many tourists are pouring into Greece this summer that the New Democracy government said they are propping up the economy.

Top Stories


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

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.


Greek-American Cornell Student Rescues Man on Subway Tracks in the Bronx

NEW YORK – Greek-American Cornell University senior Bryce Demopoulos rescued a man who had fallen on the subway tracks at the Third Avenue-138 Street station on the No.

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.