The Minister of Finance, Christos Staikouras, speaking to Realfm 97.8 and Nikos Hatzinikolaou, stated that “the crisis in Europe is mainly energy and that is why the biggest increase in inflation is due. It has lasted longer than the initial estimates and is more intense. “It is estimated that inflation will remain at the same level for the next few months.”
“We have already taken a number of initiatives and if you look abroad they are equal or braver,” he added.
“The country must reduce, like the whole of Europe, the large deficits created in the past two years to deal with the health crisis. We are exhausting all the margins “, noted Mr. Staikouras.
The minister left open the possibility of taking new support measures if deemed necessary.
“If the situation develops negatively in the next period, the leadership of the ministry must have quick reflexes to react in time. So consistent with what I answered you before, I can not comment on what the crisis will be like in the next period, to see what additional measures we will probably take in the future, depending on the course of budget implementation. “We need to reduce budget deficits, but I want to be clear,” the finance minister described.
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