The Minister of Development and Investment, Adonis Georgiadis, spoke to public broadcaster ERT1 this morning about the measures to strengthen households announced by the government in order to reduce the impact of inflation on electricity and gas bills, noting that “the government and the prime minister realized that there was a real problem with that and they acted earlier than the European Union.”
Answering a question whether the subsidies for the electricity bills of consumers and professionals could be obtained earlier, he answered in the negative, emphasizing that if there is a retroactive character, the criticism leveled by the opposition does not make sense.
“The measures could not have been taken earlier because the main point created by the fiscal space to take the measures was the final results of how we went in 2021. We went 2% better in terms of the deficit. “This created an additional fiscal space that we used to help our fellow citizens,” said Mr Georgiadis. which is a very big intervention “.
There is no power cut-offs for those who do not have the means to pay
Answering a question about the power cut-offs by power providers and whether they have increased, the minister said that “this year we have the fewest power cut-offs” and that “it is obvious that there are no power cut-offs for those who do not have the means to pay”. However, as he added, “if someone has the means to pay and does not pay, then they should be cut off from electricity”.
Commenting on the opposition’s reactions after the announcement of the electricity measures, he said: “SYRIZA who is now shedding tears had cut off electricity to 240,000 households in one year.”
Speaking about the developments in the world economy caused by the Russian invasion of Ukraine, he stressed that the war completely changed the global economy. He also referred to the EU’s obstruction of intervention for the benefit of European citizens, saying: “I find it inconceivable that the EU sees the energy crisis without intervening quickly.”
Focusing on the issue of energy inflation, he pointed out that “we commissioned the independent Energy Regulatory Authority (RAE) to tell us how much of the companies’ super profits to tax by 90%.”
The adjustment clause was voted in by now-main opposition SYRIZA
Regarding the adjustment clause, he added that “it is pan-European legislation and in Greece it was voted in and implemented by SYRIZA”.
Mr. Georgiadis spoke to ERT about whether the government announced the measures for energy under pressure from public opinion, claiming that “none of us cares about the polls” and added that he believes in the judgement of the Greek people.
Asked about the elections and the course of New Democracy, he said that “our main goal was, when we took over the government, to change the image of the country at home” and added that Greece is today a country with a vision.
Latest News
Athens Launches App to Enhance Public Safety
Users can send location and personal details to the police. Selected contacts will also be notified of the user's safety at any time.
Tapping into Golf Tourism Next Goal for Greece
Creating high level golf tourism infrastructure in Greece can boost the country's competitiveness on the global market.
Greek Household Deposits Up for Seventh Consecutive Year
This is attributed to a rise in disposable income for individuals, which in turn is associated with a drop in unemployment and a steady uptick in wages.
Greek Wage Analysis Reveals Gender, Sector, and Education Disparities
It is also interesting to note that leadership roles remained predominantly male at a percentage of 57.3%, primarily in the 36–54 age group
Greek Household Deposits Up for Seventh Consecutive Year
This is attributed to a rise in disposable income for individuals, which in turn is associated with a drop in unemployment and a steady uptick in wages
BoG: Greek Tourism Soars – 33mln+ Foreign Tourists Jan.-Oct. 2024
Despite this surge, the average expenditure per visitor decreased by 2.5% compared to last year, standing at €589.5
Piraeus Bank: Greek GDP to Grow at Nearly 2% in 2025
Greece’s real GDP in the first nine months of 2024 increased by 2.3% on a year-on-year basis
PDMA: Greece’s Funding Needs at 15.3 bln€ For 2025
According to PDMA, the country’s total financing needs, year-on-year, are below the 10% of GDP threshold
PDMA: 6-Month Treasury Bill Yield Set at 2.61%
The auction was conducted through the Primary Dealers, with the settlement date scheduled for Friday, Dec. 27, 2024
BoG Gov Stournaras Calls for Immigration and Economic Reforms to Tackle Workforce Shortages
Stournaras categorically stated that reducing VAT on food will not solve the problem of high prices