Greece faces challenges – Provided for a brake on support measures
Greece, like the rest of Europe, is facing challenges due to the Omicron mutation, the health crisis and inflationary pressures, Finance Minister Christos Staikouras said on Tuesday after the Ecofin meeting in Brussels.
Anticipating a “brake” on further support measures, in addition to being highly targeted, the minister noted that “a prudent fiscal policy, a corrective publishing strategy and the continuation of the implementation of structural changes and reforms are required.”
“A prudent fiscal policy, a prudent publishing strategy and the continued implementation of structural changes and reforms are required. “So that the country can achieve, as it seems, high and sustainable economic growth, to create even more new, well-paid jobs and to strengthen social cohesion,” said Mr. Staikouras.
The statement of Mr. Staikouras in detail
“During the Eurogroup bilateral work yesterday and Ecofin today, the strong recovery and sustainable development of European economies was recognized.
This is based on the strong support packages we have co-decided on at the level level, as well as on the coordination of fiscal and monetary policy.
But there are challenges.
Challenges facing European households.
Challenges arising from the “Micron” mutation and the health crisis, but also challenges arising from high inflation.
Inflation, which lasts longer than initially estimated, is more pronounced, unfavorable, features in the family budget and comes, at least 50%, from the energy crisis.
In the face of these challenges – at the level – we continue to support measures as long as crises have to be addressed, and fiscal adjustment, the necessary fiscal stability, we have decided not to let the burden of growth work.
It goes without saying that the emphasis should be on investing in new technologies and innovation.
In this international environment, full of challenges, the Greek economy has succeeded satisfactorily and has very positive prospects.
We have recovered strongly, unemployment has decreased, padlocks have been avoided, the disposable income of the citizens has been strengthened, the “red” loans have been reduced, the competitiveness has improved.
And all this is recognized by all partners, by all institutions, by all colleagues.
Greece, however, is facing challenges.
A prudent fiscal policy, a prudent publishing strategy and the continued implementation of structural change and reform are required. “So that the country can achieve, as it seems, high and sustainable economic growth, create even more new, well-paid jobs and strengthen social cohesion.”
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Source: skai.gr
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