Fin. Min.: Greece will not go into recession

The effects of the global crisis will continue to exist in Greece as well, said Finance Minister Christos Staikouras, speaking to the radio station “Parapolitika 90.1”. He added, however, that the state of the Greek economy will be better than that of Europe and that the data show that Greece will not go into recession as will happen in half of Europe.

He also noted that Greece achieves the largest reduction in debt as a percentage of GDP in recent years. He reiterated that the main objective of the economic policy in 2023 is for Greece to have a primary surplus that will lead it to the investment level.

The minister also spoke of a threefold growth rate in 2023 compared to Europe and an increase in investment this year and in 2024.

Window for new support measures

At the same time, he did not rule out the possibility of creating additional fiscal space, which will be made available to society. And he pointed out that the increase in the minimum wage and the market pass do not have a pre-election character, saying that an increase in the minimum wage is required, which should be such that, on the one hand, the disposable income of those who will receive the increase and on the other On the other hand, let entrepreneurship endure.

Concerning banks

Regarding systemic banks, the minister stated that they have publicly committed to increasing deposit rates and made it clear that the government will continue to push the supply side as well.

Finally, on the issue of auctions, he said that the out-of-court mechanism is not at levels he hoped it would be.