Staikouras: The government will seek new “lines of defense” in Europe

The Minister of Finance said that in this environment of increased challenges, mainly the huge increase in energy costs, the Greek government is already doing and will continue to do its best to reduce the negative consequences.

The consequences of the war in Ukraine are particularly painful for the Greek economy, exacerbating an already negative climate on the inflation front, which negatively affects households and businesses. Faced with this grim situation, the government is trying to find effective tools to mitigate, as far as possible, the impact on the economy.

Finance Minister Christos Staikouras declared in the Athenian-Macedonian News Agency (ANA) that “the Greek government is already doing and will continue to do its best to reduce the negative consequences of high prices”.

The minister pointed out that “The Greek economy, following the release of 2021 figures, has shown great resilience as well as strong and sustainable momentum.” However, he said all of this is affected by the new – global – environment of great uncertainty and insecurity. An environment that requires composure, confidence, caution and determination. In this environment of increased challenges, mainly the huge increase in energy costs, the Greek government is already doing and will continue to do its best to reduce the negative consequences.

Christos Staikouras said:

  • The government will continue to subsidize electricity and natural gas bills.
  • It will further reduce the Uniform Property Tax (ENFIA) in order to support the disposable income of the vast majority of citizens, mainly those on low incomes.
  • It will courageously but realistically increase the minimum wage for the second time this year.
  • In the coming weeks, depending on budget execution and potential fiscal space, it will provide additional support for our vulnerable fellow citizens.
  • Finally, it will seek, at European level, new “lines of defense”, for additional support to households and businesses.

Mary I. Bruner