Greek Economy

It is now necessary for the state to see the bigger picture, such as making a subterranean PPC electrical grid so as not to keep the grid exposed to increasingly harsh weather.

Hegemony over the political centre will be decided not on the basis of who can best humour the political centre, but rather on the basis of who appears more mature and trustworthy in addressing it.

Given the fact that the current situation and realities are critical in a variety of ways, the government must pay enormous attentio to the management of everyday issues and problems.

When those in power align themselves with the needs and concerns of the people and swiftly address them we shall have a dedicated political relationship between the citizenry and the state.

Prime Minister Kyriakos Mitsotakis is quite rightly thrashing out measures with targeted assistance for the middle class that will be a central part of the national reconstruction plan on the basis of which Greece will receive EU Recovery Fund liquidity.

Prime Minister Kyriakos Mitsotakis’ effort to mobilise his ministers to speed up reforms is of enormous importance for the foreseeable future.

Greece is obliged to implement the necessary reforms so that it can lure investments in the context of the green transition.

The PM told his ministers clearly quite a while ago that the government would not squander EU pandemic recovery funding with the thoughtlessness of the nouveau riche.

The procedures agreed to by the EU partners in order to disburse EU funds to each member-state is a great opportunity for Greece at long last to craft and acquire ownership of its own reform programme.

Mitsotakis said his message was one of self-confidence in the face of the fear stirred in households and businesses by the murky terrain of the coming months both on the economic and public health front.

'What we have achieved is to raise awareness of Europe as a whole about the strategic importance of the Mediterranean basin and especially of the Eastern Mediterranean,' the PM said.

'The Council has a total of eleven members and convenes twice monthly. We have already had ten sessions. We are extremely active. Each meeting is at least 2-3 hours and all members participate. This is a very strong committee that is very dynamic and very energetic.,' the distinguished University of Geneva geneticist maintains.

The past spectacle of the government targeting the central banker should not be repeated. It is an institution that is not fertile ground for political skirmishes.

The only way to partially save the summer season is for Greece to persuade people that it is a safe tourist destination and not to jeopardise the international praise and recognition.

Greek society cannot and must not become a society of unemployed people because unemployment signals not only want but also social exclusion and psychological vulnerability.

The modernisation of public administration means that the citizen’s relationship with the state will be placed on a new grounding.

The scientific committee in tandem with the PM has approved a timetable for the gradual lifting of shop shutdown and of restrictive measures in restaurants, bars, and other establishments.

Despite the fact that Greece’s market is not linked to that of the US one sees that reduced demand has resulted in a price drop here as well.

One must not forget that in the management of the economic crisis of the previous decade much time was lost before ECB chief Mario Draghi’s decision to guarantee the viability of the common currency.

The predominant goal now is to protect public health but that does not mean that the economy can be left to its own devices.

Greece’s partners, including those most dedicated to fiscal discipline, are beginning to comprehend that austerity is not a cure-all.

There will be EU relief on various levels and most importantly the suspension of the 3.5 percent primary surplus target which Greece had agreed upon with creditors long before the pandemic.

As much as one may attribute France’s posture to economic diplomacy or French gentility, one cannot ignore the fact that the pro-investment profile that the government is cultivating provides a strong incentive to foreign investors .

The government has a duty to firmly establish an attractive economic environment to draw in more investments that will create jobs.

This advantageous juncture bolstered Greece’s exit to the markets and with a 15-year bond at that.

Greece paid a heavy price in order to wrench itself from the crisis which was due first of all to its own mistakes and sins.

It would be well if on national issues political forces exhibit the concord, prudence, and maturity which were absent in their handling of the economy.

One need not be a diviner to see that the international economy does not have the best possible prospects.

Wealthy real estate owners remain untaxed because the system of “objective” valuations has not extended to the entire country, especially to areas outside of city plans..

"The state will support entrepreneurship with every possible incentive for growth but it also demands that business will fulfil its proper social role,” the PM said.

Hatzidakis said that for PPC to be viable in the coming year possibly over 900mn euros will be required.

Not only must the economy be stabilised but also it must achieve growth rates that will definitively bring light at the end of the tunnel.

The truth is that the SYRIZA government awas responsible for banks shutting down and the imposition of capital controls because of its policies.

'In cooperation with the Bank of Greece we are completely restoring normalcy in the movement of capital,' Prime Minister Kyriakos Mitsotakis announced today.