By Christos Staikouras
The Government of the New Democracy, during its almost 2.5 years of office, has demonstrated in practice that – despite the adverse conditions created by a series of external trials and challenges in the field of health, climate, energy and geopolitics – it serves consistently and effectiveness of its central pre-election commitment to formulate the conditions for our country to achieve high, sustainable and inclusive development.
Thanks to the implementation of a prudent fiscal policy and a far-sighted publishing strategy, the implementation of reforms with a strong pro-development orientation, the promotion of privatizations, the further strengthening of the country’s credibility and international prestige, as well as the broad “net” of social support and the economy from the effects of the pandemic – a “net” that exceeds 43 billion euros and is, as a percentage of GDP, the third highest in the Eurozone and the fourth in the world, according to a relevant ESM report – the Greek economy has managed not only to show resilience to the aforementioned crises, but also to show a strong recovery. A recovery that exceeds the previous, international, estimates and is expected to reach 6.9% this year, according to the 2022 Budget, already covering, more than 2/3 of the losses caused last year to GDP by Covid-19.
Moreover, although the pandemic and current price developments, especially in the energy market, are – worldwide – significant factors of uncertainty, European partners, institutions, rating agencies, financial institutions and investors converge on the prediction that our country is at the beginning of an upward . A course with growth rates significantly higher than the European average in the coming years. Sustainable growth rates, as they are mainly based on the large increase in investments and exports.
In this direction, the contribution of the resources of the Recovery and Sustainability Fund will be decisive. Resources totaling 32 billion euros, or about 20% of Greek GDP – a higher percentage than any other European member state – thanks to the successful negotiation of Prime Minister Kyriakos Mitsotakis and his Government.
Resources that, in combination with other national policies and financial tools, are a historic opportunity to reorient the Greek economy to a new, modern, extroverted, competitive, resilient, green, digital and socially just production and development model.
As a Government we have responded quickly and efficiently to this challenge, having prepared the National Plan for Recovery and Sustainability “Greece 2.0”.
Read the continuation of the article of the Minister of Finance Christos Staikouras at TheTOC.gr
Source From: Capital
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