According to the proponents of the hard line if current measures prove inadequate there is a greater likelihood of a derailment of the situation with a higher chance of a general lockdown
The benefits of wearing masks everywhere are enormously greater than any fleeting discomfort, not only for public health but also for the economy and the country in general.
PM Kyriakos Mitsotakis SAID the project will bring 1bn euros in long-term financial benefits to Greece. He said the prowill include a training program in digital skills for about 100,000 people.
Deals such as the one with Microsoft not only create many new jobs but also open the way for the return of the brain drain generation.
Alexis Tsipras is attempting to organise an autarchic party with a hegemonic leader along the lines of Pasok’s model of governance in the 1980’s under Andreas Papandreou.
The PM pledged to take all necessary measures to protect workers and employees who are most threatened by the impact of the uncertainty and the huge economic tempest triggered by the pandemic.
'This is the biggest economic crisis since 1929, but Greece, compared to other European countries, is performing not as bad as it was initially estimated,' the PM declared.
Greece and governments all over the world hope that the vaccine will help manage the public health crisis and permit a gradual normalisation of social and economic life.
The creation of a Citizens’ Digital Academy to improve digital skills is a step in the right direction. In this wondrous world of amazing accomplishments and capabilities no one should be left behind.
A re-orienation of the economy and a shift in the productive model is needed now more than ever.
Net revenues from the state budget amounted to 14.1bn euros, a 1.34bn shortfall (8.7 percentage points as compared to the 2020 budget projection) and that is due to the impact of the lockdown and subsequent issues.
The tourism minister spoke straight after a nationally televised address by Prime Minister Kyriakos Mitsotakis in which he announced a 24bn euro pandemic recovery fund and the government’s plans to re-open the country to international flights.
The PM boasted that the Greek people through perseverance in weathering the crisis and religiously following public health guidelines in the lockdown turned Greece into a model country.
Certain government members in an effort to personally capitalise on the public health success are creating a climate of unjustified complacency.
The European Commission essentially set the foundations of a restart of the tourism sector which is of crucial importance for the salvation of the Greek economy.
Certain political forces must understand at long last the role of the Central Bank, the degree of independence from political power that it enjoys, and to whom it must offer an accounting.
The public health crisis that developed and remains a threat demonstrated the value of the necessary technological transformation and the capabilities that it can offer.
Every percentage point in GDP is hugely valuable in the fight to fend off a devastating blow to the labour market and to the economy more generally.
The government took on the challenge of the pandemic with a series of right moves: Choosing trustworthy managers and acting quickly to avoid the worst it protected the health of the citizenry and the stability of the National Health System.
A loss of 250,000 jobs at small and very small businesses in all sectors is projected and nearly fifteen percent of them will never re-open.
enormous efforts will be made to keep the economy standing, as long as the government provides the necessary tools and the productive forces devote all their energy.
Who is making Greece a laggard in areas where it could be a pioneer? It is against these forces of delay that the battle must be won.
The oft-neglected primary sector has exhibited endurance and may be among the few that can do well in these extraordinary circumstances.
Under no circumstances should the government allow even a suspicion that it will seek to serve partisan special interests or social and professional groups that are pro-government.
Medical experts stress that the re-opening of society and the economy must be carefully controlled and based on rules enforced with the same sense of discipline as during the lockdown.
The economic toll arising from the pandemic will be higher for Greece than for other EU countries because it relies so heavily on tourism and services more generally as well as on transport and consumption.
Was it necessary for the balance of oil supply and demand to become so skewed in order to reduce the price for the highly over-taxed Greek consumer?
It is indicative that in record time for the normally sluggish Greek state it took only five days to implement a key measure to subsidise interest payments on business loans.
The EU summit on 23 April should demonstrate that not only has Europe learned from the mistakes of the past but also that the Union knows how to act swiftly.
The seven to eight billion euros to which Greece will have access will derive from three funding tools: The SURE programme, the European Investment Bank, and the European Stability mechanism (ESM).
'The issuance of one-off coronabonds is one possibility, There are other instruments that could be used, like an EU rescue fund or measures involving the ESM or the European Investment Bank,' says Isabel Schnabel.
"We have had and will have losses, and our economy will suffer. But it is our duty to reduce the pain to the least possible and to share the cost of adapting to the new economic reality in a just way," he said.
'Greece can tackle the pandemic in a timely and effective manner so that the damage to the economy, which will be significant, can be reversed, " the finance minister said.
The much-touted normalcy to which Greek society was supposed to return has been postponed indefinitely or at least for enough time to deal a new, severe blow to the economy and the labour market.
The state must at once protect human lives and manage the economic repercussions from a general lockdown which if it turns out to be protracted can plunge the economy into a new debt crisis
Greece’s partners, including those most dedicated to fiscal discipline, are beginning to comprehend that austerity is not a cure-all.The pandemic requires a Keynesian approach to managing the economy.
A series of measures announced by the government are designed to prevent the collapse of the economy and a steep rise in unemployment.
In his second nationally televised address on the government’s strategy in dealing with Covid-19 today Prime Minister Kyriakos Mitsotakis braced Greeks for a multi-front “war”
It is in no one’s interest for the economy to shrink again due to recessionary policies and policies that will not facilitate an extremely swift remedy of the major additional wounds that it will suffer from the virus.
She is known as a moderate, progressive and rights-oriented jurist. As president she has a largely ceremonial role and is required to sign executive order drafted by the government, but the weight of the office consists in the president’s role as a focal point of national unity.
Even in such an environment, there is no choice but to seek international coordination and cooperation. The sooner that is understood the smaller the repercussions of the coronavirus on the economy will be.
The coronavirus threat (the first case in Greece was identified today in Thessaloniki) poses a huge challenge to the National Health System and to what is ostensibly the government’s strong suit – the recovery of the Greek economy.
French Economy Minister Bruno Le Maire told Ta Nea about plans to intensify French investment in Greece in various sectors, from energy to tourism and infrastructure.
The country’s candidacy and accession to the European Economic Community was an inspired and bold move, yet Greece failed to properly incorporate the principles and rules of the environment offered
The investment-friendly posture of the government gave impetus to positive developments on the investment front, but it must still craft policies that will help drive the economy and lead it to even more fertile ground.
The performance of Greek bonds improves the profile and viability of the national debt and at the same time iopens the way for businesses to borrow more cheaply and refinance old loans.
The proper stride for an economy entails economic stability, endurance, and being shielded from the shocks of the global economic system.
In recognition of the great sacrifices of the Greek people creditors should meet Athens’ demand that the primary surplus target – a noose that is choking the Greek economy - be lowered.
The political system is facing Turkish provocations united and with no desire for petty partisan exploitation.
The economy and all that constitutes it were impaired. Incomes, wages, values, and the country’s productive capability were affected, as evidenced by the massive destruction of businesses and by extension the loss of jobs.
The atmosphere and climate in the economy and society improved and the political change proved positive as it created a new dynamic.
The Parliament Speaker also projected a “normnalisation of relations with our threatening neighbour but did not elaborate how that might happen.
The PM’s speech in Parliament yesterday during debate on the 2020 budget absolutely confirmed the new liberal spirit that is tending to prevail throughout the country.
If the newer projections are confirmed, the Greek economy after years of weak performance and retreat appears to be creating a better basis for the desired economic take-off with a growth rate of over 3% in 2020.
According to Brussels’ basic scenario the Greek economy is stabilising more rapidly than expected and the Greek debt will be reduced over the coming decades
The Greek banking system which is mired with the huge burden of non-performing loans is essentially unable to play its proper role.
An economic take-off is is the Greek government's basic politico-economic narrative based on the premise of an investment-friendly climate that will make investors trust the Greek economy.
Every effort must be made for the system in the coming year to regain the just character that it must have.
SYRIZA believed that institutions were made to serve bourgeois political forces and their supposedly pernicious designs.
The positive thing for Greece is that despite international uncertainty the markets are continuing to show trust in the prospects of the Greek economy.
Mitsotakis noted that the situation inherited by his government in the economy was is not rosy but that it will be possible to implement its policies due to an over-performance in revenues during the last two months.
Now expectations are clearly positive and everyone expects that an economy freed of the ideological fixations of the previous period can leap forward as long as a climate of renewal is maintained
Since Mr. Mitsotakis has declared that he intends to meet creditors’ demand (to which Greece has signed on) for a 3.5 percent primary surplus over the next two years the fiscal space is exceptionally narrow.
The Brexit path toward the unknown does concern only the UK. BREIt is an economic event of such magnitude that it can affect the global economy.
The danger of a new economic derailment has not been eradicated.
The government was forced to shut down banks and to impose capital controls, which was supposed to be a temporary measure.
After four years of sacrifices Greece has transcended an environment of reservations that was maintained by the markets and representatives of the international economic system.
Now everyone can understand that the Elliniko investment, liberated from bureaucratic red tape and shackles, can move forward and offer the expected growth impetus to Attica and the entire country.
What is needed is a comprehensive PPC salvation plan that can avert even the slightest possibility of collapse.
The times are not propitious for Mr. Mitsotakis. He must act swiftly and decisively. In these tough times there is no room for reservations and indecisiveness.
The aim is to create a framework for the mandatory electronic submission of invoices and bookkeeping for all businesses and freelance professionals, as of 1 January, 2020.
There is the basis of an economic recovery even as the banking system moves in the direction of an excellent clientele and of the competitiveness that the economy needs.
With his actions and choices Mr. Mitsotakis signaled that he leads a government which has its own plan and programme for an exit from the crisis