“It is clear that the budget margins are limited, but I believe that the government can increase the installments to 120 to repay the debts of the pandemic period,” said in a statement the president of the Athens Chamber of Commerce, Giannis Chatzitheodosiou.
As he points out, “the barrage of price increases in almost all products and services continues unabated and households and businesses are with their backs to the wall. In the past we have heard some additional government measures to put a ‘brake’ on accuracy. At the moment, as the Athens Chamber of Commerce, we said that any intervention in this direction is positive, but the question is whether such actions can reverse the situation and such a thing does not come out of nowhere.
Among the measures was the increase of the number of installments for the return of the Refundable Advances. This is also a good thing, but it is doubtful whether it can really solve the problem of a small and medium-sized company that sees its operating costs constantly increase and its turnover decrease due to the contraction of consumer incomes and the general insecurity that exists. At this critical time, targeted actions are needed for businesses to survive. It is clear that the budget margins are limited, but I estimate that the government can increase the installments to 120 to repay the debts of the pandemic period. Such a decision will give a significant “breath” to entrepreneurship and will somewhat reduce the pressure on the vast majority of companies. At the same time, they will continue – albeit in the long run – to boost public revenues. Because if we are led to mass “padlocks” due to the inability of businesses to remain open, the state will stop collecting from all those who can not stand. The government will benefit if it satisfies a request made by the whole market.
Solutions such as the extraordinary taxation of the super-profits of the energy companies announced by the Prime Minister or a support package that we hope will be decided in Brussels, are more than necessary. But they take time to implement. “And the market is in a hurry to see some practical support immediately, so that companies can see that there is a will for their salvation but also to deal with problems that today seem impossible to solve.”
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
