Prime Minister Kyriakos Mitsotakis has expressed his approval of European Commission President Ursula von der Leyen’s proposal to activate the escape clause, which would exempt defense expenditures from the European Union’s fiscal constraints.
In a statement shared on social media, Mitsotakis emphasized that Greece has consistently supported this position, viewing it as a crucial step toward bolstering the defense capabilities of EU member states and, by extension, enhancing Europe’s collective security.
Greece has long advocated to exempt defence investments from fiscal constraints. We welcome the proposal by President @vonderleyen to activate the escape clause, enabling EU member states to strengthen their defence capabilities. A crucial step for our collective security.
— Prime Minister GR (@PrimeministerGR) February 14, 2025
Earlier on Friday, during the Munich Security Conference, von der Leyen announced plans to reform defense spending rules to enable member states to “substantially increase their defense expenditure” and to introduce changes in the way pan-European investment projects are organized.
“I believe we are now in a period of crisis that warrants a similar approach. That is why I am announcing that I will propose activating the escape clause for defense investments,” she said during her speech at the conference. “This will allow member states to significantly boost their defense spending, but of course, we will do so in a controlled and conditional manner.”
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
UBS: Stocks of Greek Banks Remain Appealing as 2024 Earnings Season Begins
In the second edition of its monthly tracker, which analyzes industry data from the Bank of Greece, UBS notes that while corporate lending growth remains strong, December was a slower month.
Greek Supermarket Sales Exceed €12 Billion in 2024, Marking 2.6% Growth
According to data from the research firm Circana (formerly IRI), the volume of sales grew by 2.8% in 2024, outpacing the 2.6% increase in sales value.
Greek Islands and Piraeus Remain Cruise Hotspots Despite Earthquakes
A total of 918 cruise ship arrivals have already been scheduled for 2025, with 714 of them designating Piraeus as their home port
Athens Hotels See Strong Growth in Bookings and Prices
Hoteliers point out that this success is being achieved despite the competition from short-term rental services like Airbnb.
Greece Launches Microfinance Fund to Support Small Businesses
The Microfinance Fund will offer interest-free financing at a rate of 60% for general entrepreneurship and 75% for female entrepreneurship, with microfinance institutions providing the remaining 40% or 25%.
Study: Greece’s Economic Growth Threatened by Labor Shortages
In its analysis, Capital Economics cites three factors as the reasons why it does not anticipate Greece’s employment significantly increasing in the coming years.
Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement
Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).
Greek Tax Authorities Target Tax Evasion via Lifestyle Audits
Audit teams use advanced algorithms and risk analysis to conduct lifestyle audits and identify taxpayers suspected of concealing undeclared income.
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
![Εξαγωγές: Στην πρώτη γραμμή τα τρόφιμα – Οι επιδόσεις του 2024 και οι προοπτικές για το 2025 [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/04/container-export-768x481-1-600x376.jpg)
![Επενδύσεις: Πόσο στηρίζουν το ελληνικό ΑΕΠ – Τι δείχνει μελέτη της Alpha Bank [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/12/ot_artificial_ependyseis-600x352.png)
