“In a fairly troubled international environment Greece for the first time stands out positively“, Stressed Monday at SKAI 100.3 The Governor of the Bank of Greece Giannis Stournaras.

As he said, among other things, our country is growing twice as high as the rest of Europe, and the most important success is that in recent years it has reduced public debt to the percentage of GDP by 10 points a year.

“We cannot say that wealth is distributed exclusively to the rich. Many few believed we would do it with the crisis, we will have to safeguard this as a daughter“, He pointed out. “We have forgotten the bad past, we must now emphasize reforms. Overall we go well, I’m not saying that we go perfectly, but the perfect is the enemy of good. “

“Great progress in revenue creates fiscal space and the Commission gives OK a place to redistribute to citizens. Ten points a year we reduce debt, this is the most important success“, The central banker added, making it clear that there is no chance of being in the spectrum of new bankruptcy if the country continues in this model. “If the Prime Minister re -sees the people, we will find ourselves where we were in 2010. The redistribution of income tax proves more effective than any VAT reduction. ” emphasized.

“Inflation of 2.6% in 2026 and 2.4% in 2027”

Responding to a listener’s question, Mr Stournaras stressed that what the BoG is interested in is to obey the rules of the European Commission, who are flexible and set the ceiling on the costs of each Member State.

“When investments are lagging behind, it means productivity behind and real incomes, there is a sequence. Due to the crisis we have fallen very low in the level of purchasing power. We are now slowly converging with the European average, at a rate of 1.5%. If we increase the salary of 30% tomorrow, we will go bankrupt. I mean, you can’t increase wages in a country unless you first increase productivity. Productivity means reforms and investment, making the economy more flexible. Greece has a 60% increase in investment since 2019, with 4/5 of them today productive. “

As for the minimum wage, he stated that in all states he also has elements of state intervention. “If this was not the case, it might have been lower than today. It does not mean that the state determines all wages, it is another thing the minimum and another average salary“, As he said.

“Unfortunately there is no money. In order to be able to give wage increases, there must be productivity response. “

At the same time, he also referred to some unpleasant points of economic reality in the country, such as that there are still citizens who do not take out the month. “That is why the government should emphasize the most vulnerable. Greece’s inflation is higher than the rest of the eurozone“, He said to add by saying:

“For 2025 there is a 3.1% inflation, with gradual declining – 2.6% in 2026 and 2.4% in 2027. Prices rose global, a problem after the chains have been created, then Russia has invaded Ukraine, but then inflation is gradually falling. This is only treated with wage increases, as is accuracy. “

Finally, he called on bankers to adapt their interest rates as Revolut was craving.