greek economy

Political parties are obliged by circumstances to put aside their partisan flags and to seek a minimum common ground, at least as regards the management of the many consequences of the ongoing war.

the leadership of the finance ministry and of the entire government must avoid any imprudent expenditure and readjust its economic policy, which must be guided by the durability of choices and fiscal discipline.

Open air athletic stadiums will be allowed to seat 50 percent of capacity (compared to the current 10 percent), restaurants, bars, and nightclubs will be allowed to have customers standing, and the percentage of tele-work will be reduced.

The current government, which came to power in 2019, was not able to implement its electoral platform, as the public health crisis that ensued and its negative impact disorganised everything.

A breather through tax cuts for the middle class is necessary. That is not only because it was a central plank in the government’s electoral platform, but also because it is yet another way to support labour.

There is also a more optimistic and dynamic picture of our country, exemplified by the arrival of JP Morgan CEO Jamie Dimon in Greece, in the context of the purchase of a stock package of a Greek advanced technology company.

In our country, what is exceptionally problematical is the explosive rise in the price of natural gas (135 percent), electricity (45 percent), and heating fuel. They comprise an extremely sensitive whole that can trigger a new inflationary cycle.

SYRIZA’s spokesman reiterated proposals for a minimum wage hike, lowering the special consumption tax, and intervention in the pricing of the Public Power Corporation (PPC) in order to stem inflation.

To the extent that monetary policy changes in order to manage the possible consolidation of inflationary pressures, the Greek economy will confront additional difficulties – funding and others.

Inflation, either in basic goods or energy, creates a chain reaction of repercussions in the entire economy, decreasing consumption, and aggravating the situation for already burdened businesses.

In Greece and internationally, the huge surge in infections has not for the time being been accompanied by a corresponding spike in hospitalisation, intubation, or deaths, or by additional pressure on the National Health System.

At the beginning of 2021, all those involved in managing the public health crisis had the illusion that the COVID-19 pandemic was coming to an end and that everything would be better by summer.

The lessons gleaned from the pandemic will be a valuable guide for the new German chancellor in bolstering the health system, restoring the role of the state, and revising the content of work.

The government has proven in a variety of sectors that it has the necessary reflexes and that it can create a useful combination of the lessons of the pandemic with long-term planning.

Even devoted readers of the major European news outlets, that have reflected Greece’s improved image, did not expect such a positive reception of the Greek “brand” by the incoming German finance minister.

A flexible, extremely swift, and stable justice system contributes to building a state that can more easily attract investment. It helps improve the state's relationship with companies and citizens.

Public health restrictions were necessary. When one has 6-7 thousand daily infections, when hundreds of patients are filling hospitals nationwide, and when dozens are dying daily, one has no other choice.

The government must take measures for the positive macroeconomic picture to have a positive impact on household budgets, because success lies not in economic reports, but rather in the prosperity of society.

Certainly, the minimum wage is an extremely important issue. A two percent rise as of 1 January, 2022 has already been decided, and I am determined that go ahead with a second increase of the minimum wage.”

It is an issue of individual and collective responsibility, but also of social cohesion, for those who espouse irrational theories and expect to enjoy the privileges of vaccinated citizens to understand that this cannot continue..

It is necessary to remain steadfast on the difficult path of reforms and major structural changes in the state and its enterprises, so that the economy can regain its proper place and investment grade in international markets and attract investment .

Greece's strategy of alliances should be a model in the immediate future as we confront the energy crisis, the terms of the recovery of societies, and continuous violations by Ankara both of Greece’s rights and of human rights in Turkey.

Projections indicate that by 2100 the EU will have 30 million fewer citizens and that it will likely not have enough workers for its hospitals, hotels, and factories. Hence, states will not easily come up with the funds needed to pay pensions.

The PM reiterated his core belief in the need for tertiary education to be linked to the labour market, so that graduates may more easily find employment and in order to boost the competitiveness of the economy.

Precisely because Greek economic growth remains exceptionally fragile and is inextricably linked to developments abroad, which are often unexpected, the government has a duty to plan its moves extremely carefully, especially as regards the disbursement of money.