It is crucial for Athens for the EU to succeed. to move tuned and with a single gait – to 1% of GDP exports to US
By Gifts Antoniou
A comprehensive assessment of the degree of exposure and the risks that the Greek economy can face in the new conditions formed by US President Donald Trump’s decision to impose duties yesterday was held at the meeting under the Prime Minister of the Governmental Economic Policy Council (KYSIP).
It is crucial for Athens, as noted at yesterday’s meeting, that the EU succeeds. move in coordinated and with a single footing against new data. The Greek side sees the in principle the attitude adopted by Brussels not to move in a hurry, but to take into account all the data to determine what is the best tactic against the decisions of the new American leadership. As noted yesterday, these decisions They form conditions that we have never seen post -war in the transgue and world trade before. Thus, any spasmodic reaction should be excluded and ensured that carefully and studied steps are taken. The reflection in Athens seems to be a common sense throughout Europe and is translated into a first -rate approach to exploring US leadership’s intentions about how unmoved and rigid it will remain in its original announcements.
On a second level, and eno commonplace found to balancing the situationon the Greek side it is considered that the EU should be considered. To consider ways to strengthen the primary sector that will be affected by duties.
Prime Minister Kyriakos Mitsotakis made a special reference to yesterday’s not produced in the US, implying that they could be excluded from the imposition of duties. “We will defend our national interests, and I want to keep the bar of expectations low because we do not know how the US will react. We have products such as olives, oil and feta, not produced in the US and the imposition of duties is not very reasonable. “he stressed. The Greek side will move in this direction, but it is sought to keep low tones.
The third parameter in which Athens is gaining is the effort to boost third -country markets and export Greek products to them in order to offset the possible report by the imposition of US duties. India is such a case.
Without complacency, based on data, it is considered that Our country’s exposure to the US market is relatively limited as exports to the US do not exceed 5% of the total and correspond to 1% of GDP. There is, however, concern and concern about a possible indirect burden on the economy and inflationary pressures from the impacts that tariffs may have in larger European countries. It can also not be ruled out the possibility of affecting the tourism industry if there is internationally prevailing recessionary tendencies.
Source: Skai
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