
“We hope for a quick recovery, no one knew there would be a war,” the Greek Prime Minister, Mr Kyriakos Mitsotakis said, during his discussion with the Secretary-General of the Organisation for Economic Co-operation and Development (OECD), Mathias Cormann, at the Delphi Economic Forum, in Delphi.
The debate was coordinated by the Politico journalist, Mr Florian Eder.
The Greek prime minister said the war has a major impact on the global economy, and the government is, therefore, revising the estimates for the recovery, in 2022.
Referring to the significant problem of electricity prices, he stated that gas and electricity prices should be separated, “otherwise the citizens will not be able to afford them”.
“We have to take action, if not we have to spend money to support households. Otherwise we will let the populist voices in Europe grow stronger.”
Mathias Cormann, for his part, underlined that support is nedded, so as to deal with the consequences of the crisis. “The prices are high. There must also be reforms in the electricity market. Let’s pay attention to what’s happening now,” he said, adding that markets should remain open, that prices should fall and that the production needed should be maintained. “We should be careful not to have a food crisis,” he stressed.
Investment grade
The prime minister also said that the goal of an investment grade will be feasible in 2023: “By 2023, we will have a primary surplus. And the markets will give us what we deserve,” he added.
Commenting, Mr. Korman said that the Greek economy is moving in the right direction: “There is an ambitious agenda which must continue to strengthen competitiveness. We believe that the Greek government should move forward with its agenda ”
The asymmetric shock of war
“The shock of the war is asymmetric and that both winners and losers have consequences,” Mr. Kyriakos Mitsotakis said, adding that the countries that imposed sanctions should cooperate: “Cooperation between the countries must be strengthened,” he stressed, underlining that “sanctions cause pain and we must protect our citizens, especially the most vulnerable ones”
“We cannot replace Russian gas overnight. We do not support that there should be sanctions of Russian gas supply disruptions.”


Latest News

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

Opposition Reacts Strongly to Greek Government Reshuffle
PASOK's spokesperson, Kostas Tsoukalas, characterized the reshuffle as a clear indication of Mitsotakis' "strategic deadlock."