“The European Commission’s proposal to activate the national escape clause is a strategic success of the country. In a period of intense geopolitical uncertainty, Greece can continue to invest in national defense and its deterrent power, with respect to fiscal rules, “Minister of National Economy and Finance Kyriakos Pierrakakis said on Wednesday, on the occasion of the European Semester and the European Semester.

With the initiative that Greece and other European countries have undertaken, our country will be able to spend more than 500m euros for 2026, notes Mr. Pierakakis. “It is particularly important that our partners took into account as a reference point in the year 2024, especially for Greece, thus creating the additional fiscal space. For our country, defense is a national affair and is an absolute priority, “he adds.

According to the Minister of National Economy and Finance, the European semester announced today by the European Commission, overall reflects the dynamic course of the Greek economy and proves that Greece is achieving its goals, with high primary surpluses and the development of twice the eurozone. “According to the European Commission, Greece maintains the ability to serve its debt, which is divergent rapidly,” Mr Pierrakakis points out.

Concluding Mr Pierrakakis, he said that “overall, the European Commission’s report is a clear recognition of the positive course of the Greek economy and the enormous efforts that have been made to be on a stability and growth trajectory.”