“Europe is a soft superpower, the financial wars focusing on tariffs only have losers,” he commented on Trump duties
What about Greece and Europe mean its reciprocal duties Donald Trumptalked to the SKAI and to ‘Immersed»The Minister of National Economy and Finance, Kostis Hatzidakis, noting that “our exports by 80% and now go to the European Union. 5% of our exports go to America, but this is also important, because it makes it difficult to export. “
“I hope Trump’s first actions will act as alarm clock for European leaders”
“Difficult to export Europe as a whole, it pushes the European Union’s economy down. This is bad for us too. If they go on duties against Europe, the EU will necessarily proceed with such measures against America. So there will be a trade war, put in the picture and China. All this creates an economic war internationally and as all analysts say, the financial wars focusing on duties only have losers, “the minister said, adding: adding:
“In America by increasing tariffs, the products will be expensive for Europeans who go there – what is still going – so the prices of imported products in America will be expensive, so there will be pressure on the US economy as well. Even the strongest player is not alone. So I want to hope that all this is done in the context of a negotiation that will lead to a new balance of things. If this does not happen, this is obviously bad for everyone. “
At the same time, as he typically noted, Europe is a “soft superpower”, that is, a mild superpower. “We’re very soft. We need to do many things. One is to enhance our competitiveness in the economy, the second to enhance our autonomy in energy and the third of course in defense. There, Trump is right there, to say all, that many European countries do not spend what is required to spend NATO member states. I hope Trump’s first actions will act as alarm clock for European leaderships will do 5 things in this area. “
Mr. Hatzidakis put a “brake” in the reinstatement of gifts for employees and retirees in the public sector but also in horizontal payment retroactive to pensioners with cuts in their auxiliary. As he said, the cost of these interventions is € 8 billion, a cost that would lead to fiscal derailment. “We have to keep a sausage,” he said, clarifying that those pensioners who have been justified in the courts will receive their retroactives.
“The prime minister himself had been clarifying the matter in Parliament since the summer of 2020. There is no financial margins. The government has done its best, in the sense that it has “thawed” pensions. Secondly, we faced the issue of pending pensions, but you know that despite the dramatic cuts in pensions over the past decade. “
In addition, the Minister clarified that the planned tax cuts would apply from the 2025 incomes that will be declared in 2026, while excluding aid to vulnerable social groups ahead of Easter.
Source: Skai
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