The Piraeus Chamber of Commerce and Industry characterizes the additional measures of three months duration and within fiscal frameworks as “reasonable” in cost, which do not endanger the economic course of the country so far.
Interventions by the financial staff, in first reading, target the weakest with emergency aid before Easter, but in a second reading, reveal, in addition to their social character, the targeted support of the entire financial fabric, with three priorities in housing costs, transport and food, with special care for bakeries.
The support measures of 3.2 million citizens, 1.4 million households and thousands of businesses, amounting to 1.1 billion euros, which were specialized by the competent government staff with the Ministers of Finance, Christos Staikouras, Environment and Energy, Costas Skrekas, as well as and Rural Development, Georgios Georgantas, as expected give temporary respite and are another aid, but certainly can not provide a solution to the inflation threat.
Of particular importance to the business world is the significant increase in the subsidy for electricity, for the support of mostly small and medium-sized enterprises, the continuation of the subsidy for natural gas, the reduction of the price of oil for agricultural enterprises and farmers .
From the state budget, gasoline will be subsidized at 22 cents per liter and 27 cents per liter, for islanders. Also subsidized, for April, is the selling price of diesel fuel, internal combustion diesel consumed in the internal market and considered necessary to keep prices in the supply chain, with the reduction in the final price to 15 cents per liter.
Finally, the increase of the repayment period of all repayable advances was confirmed, with the reductions based on turnover, as announced, from 60 interest-free to 96 interest-free installments, while the 15% discount remains, in case the confirmed amount is paid in a lump sum. The announcement and specialization of measures is understandable that it can not meet all the needs of all, but at least it conveys the message that households and businesses, at least at the national level, do not alone and helplessly wage this pan-European precision war, which necessarily requires a pan-European solution.
“The primary concern remains the defense of households and businesses from the ‘twin’ energy and food crisis, with the support of Greek society in the sensitive sectors of housing, food and transport,” said the President of EBEP and PESA, Vassilis Korkidis, The Prime Minister’s announcements and added: “The three-month framework for the strengthening of households, businesses and farmers, concerns specific measures in order to reduce, as far as possible, the effects of the huge increases and the uncontrolled inflation that hits the European and Greek economy. What the Prime Minister announced, and will be specialized by the financial staff, concerns interventions that will support everyone, but will also focus, primarily, on those who are most in need. citizens, but also those who are faced with excessive difficulties in doing good Extreme increases in electricity, fuel and food, which are disproportionate to disposable income and are estimated to have burdened 33-52% of our family budget. Ensuring the development course of our economy is essential for the entrepreneurship of the place until the completion of the last post-memorandum evaluation, in order to move to an investment stage. The small and medium-sized markets are fully aware that the situation is difficult and in the coming period, as long as the war lasts, it will worsen even more. But the production and supply chain must not be broken, and that requires “hemodynamic” measures in the real economy. tomorrow, but not to “bend” today, from energy costs. It is indeed extremely doubtful, even if there was more fiscal space, that it could not cover the total cost of the new and previous problems facing the market. The “reasonable” additional financial assistance of € 1.1 billion supports, at the national level, both horizontal households and businesses, as well as targeted 3.2 million citizens, but only partially and insufficiently. at the European level, make use of every institutional tool the EU has at its disposal and every amount available in the Structural Funds to tackle global speculation.The government must stick to the substantiated proposals it has made for effective and direct central European intervention, to address the economic consequences of the war with generous subsidies, but which will not be written off in the deficits of EU member states. ”
Source: Capital

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