Staikouras: Inflation in Europe has exceeded all forecasts

Projects worth approximately 15 billion euros (3.93 billion euros in the loan part and more than 11 billion euros in the subsidy part) have been included in our country in Recovery and Resilience Fundsaid the Minister of Finance, Christos Staikouras, and added that in Septemberafter the successful completion of the required milestones, we will submit to the European Commission the second payment request from the Fund.

In his videotaped greeting, which was shown at the event on “Measures to support the Greek Economy – EU Competition Policy”, at the ministry’s stand at the 86th TIF, Mr. Staikouras he underlined that with the temporary framework for dealing with the effects of the energy crisis, funds of 80 million euros have been approved to support agricultural and fur processing enterprises, and additional approvals totaling 850 million euros are expected. He emphasized that despite the tests and continuous challenges that the economy has to face, the government reacts immediately, coherently, prudently, responsibly and effectively, making use of the toolbox of the Competition Policy of the European Union.

The minister pointed out that energy costs have risen significantly and inflation in Europe has exceeded all forecasts, hitting national and family budgets hard. He added that no European member state can effectively deal with this new crisis by itself and that European political solutions and systematic and productive cooperation between Europe and its member states are required.

The Competition Policy is an integral part of the operation of the single market in the logic of equal opportunities, the Director of General Affairs, in the Directorate General of Competition of the European Commission, Maria Velentza, underlined for her part.

He emphasized that temporary frameworks for dealing with crises are evolving, but they must retain their temporary nature. With the temporary framework for dealing with the energy crisis, our country spent 13.8 billion euros and a total aid of 21.4 billion euros has been approved.

The general secretary of Fiscal Policy of the Ministry of Finance, Thanos Petralias, emphasized that public investments in our country will more than double and will reach 14 billion euros per year. He also emphasized that the government managed to keep electricity prices at reasonable levels during the crisis and that without the subsidy, the retail price would be eightfold. , and incentives will be given to save energy.

With the new NSRF for the period 2021-2027, our country will be given funds more than twice the amount of the Marshall Plan in today’s money, noted the general secretary of Public Investments and NSRF of the Ministry of Development and Investments, Dimitris Skalkos. According to him, the challenge lies in designing actions with high added value, but also in doubling Greece’s ability to absorb EU funds, which should reach 10 billion euros per year.

The event was coordinated by the general secretary of Economic Policy of the Ministry of Finance, Nikos Koulocheris.

RES-EMP

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