The course of Greece’s debt is declining due to the fact that it is significant growth in the economy, according to what he mentions in an interview with Capital.gr the Commissioner for Economic Affairs Paolo Gentiloni.
Characteristically, she emphasizes that “in her case Of Greece“We have a clear example of the fact that growth is necessary to keep debt in a downward and declining trend.” He continues: “It is very difficult to imagine how a country with a very high debt could reduce it without growth in its economy.” At the same time, he considers that the economy is on the rise, while stating that growth for 2022 will be at a very good level, while noting that “the numbers in Greece at the moment are interesting: you know that the economy is now regaining the pre-pandemic level.”
The Commissioner states that the discussion on the end of the enhanced supervision of Greece will be discussed in the next Eurogroup, while he noted that the decision will not be related to the general discussion on the new Stability Pact. Regarding the increase of the minimum wage in the countries of the South, such as Greece, Portugal and Spain, and the effects that such a move may have on the resurgence of inflation, the European Commissioner stated that “it is understandable that governments are reacting and are trying to find appropriate ways to mitigate these effects. ” At the same time, we know that the impact of secondary inflation could be significant. “Therefore, the decisions that each government will take should, of course, take into account this dimension as well.”
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