Tag Archives: Staikouras

Finance Minister Christos Staikouras gave the banks 10 days to proceed “immediately and bravely” with an increase in interest rates on deposits and a reduction in interest rates on new loans. He described the 4.86% interest rate on new loans in October as “unacceptable.” Speaking to Skai TV on Saturday, …

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“The year 2022 will be one of historic records for both foreign direct investment in Greece and for exports,” Finance Minister Christos Staikouras said on Tuesday. Staikouras was speaking  t the “Naftemporiki” conference entitled “Greek Economy & Entrepreneurship: Challenges and Opportunities in an Unpredictable Future!” Referring to the performance of …

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Development and Investment Minister Adonis Georgiadis left open the possibility of reducing the Value Added Tax on a series of  products to contain price increases. Speaking to Mega TV on Tuesday, Georgiadis said that the government is considering reducing the VAT on certain products, adding that this is a measure …

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The state budget, to be submitted to Parliament on Friday, does not include additional support measures for any sector of the economy, Finance Minister Christos Staikouras said on Wednesday. Staikouras’ statements come a day after the food service sector  held a successful 24-hour strike across the country on Tuesday. Speaking …

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Greek Finance Minister Christos Staikouras said on Tuesday, said a nationwide lockdown in the country as a result of the Covid-19 pandemic translates into losses of three billion euros on a monthly basis, whereas the losses are currently calculated at 2.7 billion euros monthly. Specifically, he said that for every …

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The Greek government on Thursday announced a 3.3-billion-euros package of additional support measures for enterprises and workers hit by the introduction of a second round of a lockdown in the country beginning Saturday. The measures include: a one-off financial support of 800 euros for workers whose contracts are suspended by …

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The Greek government will disburse around 10 billion euros to the domestic market in the next few months in support measures to deal with the consequences of the pandemic, Finance Minister Christos Staikouras said on Monday. He added that “the longer the crisis lasts on a global, European and national …

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Greek Finance Minister Christos Staikouras said that drawing up the state budget for 2021  will be very difficult due to the uncertainty caused by the pandemic. Speaking to Open TV on Wednesday morning, Staikouras said “amid this uncertainty, it is very difficult to draw up specific policies with permanent characteristics.” …

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Greece’s Finance Minister Christos Staikouras has admitted that the economy will contract by 16% in the second quarter of 2020 but claimed that it will close to 8% in 2020. Speaking to Thema FM, Staikouras said that the economy will contract by 16% in the second quarter. “However, based on …

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Greece on Tuesday raised 3.0 billion euros from capital markets through a successful completion of a 10-year bond issue which attracted significant interest. The interest of the 10-year bond loan was set at 1.55 pct, while bids submitted surpassed 16.5 billion euros. It was the third time this year that …

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Greek Prime Minister Kyriakos Mitsotakis welcomed the European Commission ‘s proposal for a 750 billion euro aid package to fight the economic repercussions of the Covid-19 pandemic in Europe, announced on Wednesday. In a tweet, Mitsotakis said, “We welcome the bold proposal of the European Commission for a package of …

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Greece’s economy may shrink by 10-13 percent this year following the lockdown to stem the spread of the coronavirus, Finance Minister Christos Staikouras said on Wednesday. The government will take steps to mitigate the impact of the recession and support businesses aiming for a gradual f recovery to pre-crisis levels …

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Τhe pandemic crisis costs the Greek GDP 2.5 points every month, Finance Minister Christos Staikouras said estimating that recession may be even at 10 percent. Speaking to Thema FM on Sunday, Staikouras stressed that the large stake of tourism in the Greek economy makes it more vulnerable to the crisis. …

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European Union finance ministers agreed late on Thursday on a 540-billion-euro package of measures to combat the economic fallout of the coronavirus pandemic. “Today we agreed on three safety nets and a plan for the recovery to ensure we grow together and not apart once the crisis is behind us,” …

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Leader of MeRA25 and former finance minister Yanis Varoufakis urge the Greek government to use its veto at the Eurogroup meeting scheduled to take place later on Thursday. “If the government agrees, it will have buried all hope for the country’s recovery,” Varoufakis added. Addressing Finance Minister Christos Staikouras in …

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Finance Minister Christos Staikouras said that Greece’s economy appears it can adequately withstand the pressure exerted by the coronavirus pandemic for the next two to three months, without resorting to its so-called cash buffer. Speaking to state broadcaster ERT TV on Monday, Staikouras said the assessment was made by the …

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Finance Minister Christos Staikouras expressed his satisfaction  over the European Commission’s 5th Enhanced Surveillance Report on Greece. However, he stressed that “efforts need to be accelerated in order to tackle endogenous and external risks, achieve viable and sustainable growth, create more and good jobs and further stimulate social cohesion. The …

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Finance Minister Christos Staikouras claimed that the Greek banks paid the price of the economic crisis because they lost deposits when citizens withdrew money. Does the Minister talk about the same banks Greeks had to recapitalize and still pay the price for it? In an interview with ANT1 TV, Staikouras …

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Finance Minister Christos Staikouras defined anew Greece’s middle classes. Speaking at the Parliament on Thursday about the draft budget 2020, he revealed that in this tragicomedy country the middle class income starts at €524 per month. A single-person household belongs to the middle class when it has an annual income …

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“There is no fiscal gap for 2020 and this will be shown in the draft budget to be submitted to Parliament on Monday,” Finance Minister Christos Staikouras said in an interview with “Εleftheros Typos” newspaper on Sunday. Staikouras’ assurance comes after the country’s lenders have estimated a fiscal gap of …

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