Economy

Staikouras: Greece is the investment champion in all of Europe for 2021-22-23

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“Greece is a champion of investments throughout Europe for 2021-22-23” stressed the Minister of Finance Christos Staikouras speaking at the 100th anniversary General Assembly since the founding of the Association of Societes Anonymes & Entrepreneurship.

Regarding the energy crisis, the minister stressed that according to ECOFIN, Greece has allocated the highest percentage of GDP to support measures.

Mr. Staikouras He noted that the government is acting decisively and prudently and therefore does not follow those who call for a more expansionary fiscal policy, because it implies an increase in the primary deficit, the need for borrowing and consequently mortgaging the future of the Greek economy.

“We are acting bravely, decisively and wisely, because the challenges for the Greek economy are in front of us,” Mr. Staikouras stressed.

Mr. Staikouras also stressed the successful, as he characterized it, treatment of the health crisis by the government with measures that supported the economy and society. It was the result of government choices the strong recovery, reducing unemployment and reducing red loans. However, according to Mr. Staikouras, the most important thing was the productive transformation of the economy.

He noted that “the brave interventions of the government were confirmed by the recent OECD report, where Greece presents the second largest improvement in disposable household income among all OECD countries.”

The Minister of Finance stated that the government has implemented its pre-election commitments: reduction of direct taxes, reduction of tax advancereduction of dividend tax, reduction of ENFIA, reduction of insurance contributions.

Open the possibility to fuel subsidy to be extended beyond June he also left through SKAI Christos Staikouras. «We always try to create a fiscal space knowing that we will have deficits, in order to strengthen as many households and businesses as possible.“, He characteristically stated and added that it is premature to talk now about extending the subsidy, since the current program expires at the end of June.

We therefore try every time to create fiscal space knowing that we will have deficits in order to strengthen as many households and businesses as possible.

«With today’s data, the fiscal space of the year was exhausted, because we reduced taxes and subsidized bravely and retroactively for a year after the electricity. A measure that reaches 1.1 billion euros“, He stated characteristically.

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