
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.


Latest News

Metropolitan Ioannis of Korce New Archbishop of Albania
Following the announcement of the election, church bells rang joyfully in Orthodox churches across Albania

Greece Faces Renewed Fears of Water Crisis Ahead of Summer 2025
Following a prolonged drought that began in 2024, fears of a water crisis highlight the urgent need for infrastructure improvements

Harvard, Yale, Columbia, and More Seek Collaboration with Greek Unis
Greece's former Minister of Education Kyriakos Pierrakakis announces an €82 million funding boost to support the partnerships

Greek Government Reshuffle Brings in More Young Technocrats
Greek PM Mitsotakis has brought in younger leaders and technocrats in a bid to accelerate the government's efforts at modernization and efficiency, according to New Democracy insiders

Greece’s New Government Members Sworn in at Presidential Mansion
Greece's new government members were sworn in on Saturday morning and head straight to work through the first meeting of the new cabinet.

Moody’s Upgrades Greece to Investment Grade, Ending Crisis Era
The rating agency raised Greece’s long-term credit rating to Baa3 from Ba1, with a stable outlook.

EFET on World Consumer Day: Humanity Faces New Challenges
This year’s message emphasizes the need for a transition to sustainable lifestyles while safeguarding consumers’ legally recognized rights. This means ensuring access to essential goods such as food and energy, as well as health and safety.

Athens Hotels Lead Europe in Value Growth for Third Year
Over the entire period from 2015 to 2024, the average annual increase in hotel value was 6.1%.

Unemployment Rate in Greece Down 8.9% in January: IOBE
The unemployment rate in Greece recorded a further decline in January 2025, reaching 8.9%, according to the latest Foundation for Economic & Industrial Research (IOBE) report.

Demand for Short Term Rentals in Greece Surges Ahead of Easter
Among the most popular Easter destinations from Good Friday to Easter Monday are Corfu, Hydra, the Peloponnese, Ioannina, Patmos, Loutra Edipsou, Kavala, Thassos, and Pelion