“The economic ‘miracle’ of New Democracy is fading faster and faster as long as the government refuses to take radical measures to manage inflation and the over-indebtedness of small and medium enterprises, as long as it effectively excludes the vast majority of SMEs from the new financial tools and as long as it does not intervene in direction of restoring the financing of the real economy by the banking sector”.

This is what the New Left notes in its commentary on the six-monthly economic climate report of IME GSEVEE, while asserting that “the world of small and medium-sized enterprises is now clearly telling the country’s political system: ‘It can’t go any further'”.

In particular, New Left reports that the semi-annual report of the Economic Climate Index of small and very small businesses of the IME GSEVEE “confirms what the whole world of small and medium enterprises knows very well: that the ‘treasure’ of the development trajectory that the Greek economy has entered, according to the economic staff of the government, has turned out to be ‘coal’. He emphasizes that the report’s findings include findings “revealing that a quarter of small and very small businesses only hold cash for a month and that employment growth momentum has weakened, with 7.4% of businesses reporting an increase staff compared to 7.3% which indicates a staff reduction in the last six months».

He adds that at the same time “the survey reveals that inflationary pressures in the real economy are well under way, with nearly 35% of sampled firms reporting an increase in production costs in the last six months and over 33% of them reporting price increases over the same period; with the phenomenon being particularly pronounced in commercial enterprises”. Finally, the New Left notes that “the high percentage of businesses that declare they have overdue obligations (30.6%) creates concerns about the creation of a new generation of ‘red loans’».