Fiscal rules, which were suspended due to the pandemic in 2020, are being reactivated and according to the Commission the escape clause will be deactivated at the end of 2023. This for Greece means that the country will return to targets for surpluses above 2%, while already for 2023 it has a target of a surplus of 1%. Discussions begin in Brussels on changes to the Stability and Growth Pact, as well as on the prospects for 2024.
Next week, on March 13-14, finance ministers will meet in Brussels to reform the Stability Pact, and whether they will finally agree on its goals, as a North-South brawl is brewing up again.
The European Commission announced today the guidelines to the member states regarding the exercise and coordination of fiscal policy.
The general escape clause of the Stability and Growth Pact provides for a temporary derogation from fiscal rules in the event of a slowdown in economic activity. According to the Commission it will be deactivated at the end of 2023. The exit will lead to the resumption of country-specific fiscal policy recommendations, which are quantified and differentiated based on the public debt challenges faced by member states.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.
Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)
Santorini Safe and Ready for a Dynamic Tourism Season
Authenticity, cultural heritage, and genuine experiences at the center of Santorini's new promotional campaign
Electricity Bills: Greece Announces Reduced Tariffs Schedule
Greece will now offer lower electricity rates between 11:00-15:00 and 02:00-04:00
Chevron Confirms Eyeing Natural Gas Exploration South of Crete
Chevron recently declared its intent to explore a third area, south of the Peloponnese.
Evangelos Marinakis: A time of change from which shipping can benefit
Speaking at the 19th Annual Capital Link International Shipping Forum Evangelos Marinakis stressed the challenges that shipping faces today
Retail Trade in Greece Up 2.5% in December 2024: ELSTAT
In January 2025, the General Turnover Index recorded a 2.5% increase compared to January 2024. Compared to December 2024, it recorded a significant decline of 18.4%
Greek Fruit and Vegetable Exports Surge
Greek exporters have expressed concerns over a new draft law in Bulgaria that mandates at least 50% of products in stores to be of Bulgarian origin.
![Τουρκία: Μεγάλες βλέψεις για παραγωγή ηλεκτρικών οχημάτων [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/03/ot_turkish_autos-90x90.png)
![ΕΛΣΤΑΤ: Αυξήθηκε η οικοδομική δραστηριότητα κατά 15,6% το Δεκέμβριο [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/03/DSC9655-2-1024x569-1-90x90.jpg)
