Although the annual inflation rate in Greece continued ease last month, May 2023, certain cost-of-living indexes remained high
If the average citizen is defenceless in the face of major, new economic trials, that will lower quality of life and provide fertile ground for populist and anti-politics forces.
As the weekend edition of Ta Nea reports today, the finance ministry and the tax bureau are mulling a double “bonus” for those who service their debt.
'We are obliged to keep fiscal reserves so as to have room to support households and businesses to the extent possible. We shall not lead the country to fiscal derailment.'
The prospect of new assistance packages that the finance minister has left open will offer those in need an important breather as autumn approaches.
As the war in Ukraine continues, one may well see the establishment of a permanent economic crisis chain, with severe pressures on Greece and all of Europe.
It is up to us – the Greek people and the country’s political and economic leadership - to honour and exploit to the greatest degree possible Greece’s natural resources.
While opposition parties are calling for a hike in social spending, the government is signalling that support offered to households and businesses to weather the pandemic has nearly exhausted its fiscal space.
Before the current government had a chance to even start implementing its platform, Greece and the entire world were thrust into the public health crisis wrought by the pandemic, which created its own priorities.
EU cohesions depends on the protection of the Union’s citizens. The need to find ways to de-link geopolitical fluidity from the welfare of citizens in their daily lives is a major challenge for the European family.
The invasion of Ukraine and the ensuing sanctions presage continued price gouging on products the prices of which will inevitably rise due to current conditions, such as fuel.
The current government, which came to power in 2019, was not able to implement its electoral platform, as the public health crisis that ensued and its negative impact disorganised everything.
A breather through tax cuts for the middle class is necessary. That is not only because it was a central plank in the government’s electoral platform, but also because it is yet another way to support labour.
In our country, what is exceptionally problematical is the explosive rise in the price of natural gas (135 percent), electricity (45 percent), and heating fuel. They comprise an extremely sensitive whole that can trigger a new inflationary cycle.
SYRIZA’s spokesman reiterated proposals for a minimum wage hike, lowering the special consumption tax, and intervention in the pricing of the Public Power Corporation (PPC) in order to stem inflation.
The fiscal space for the minimum wage increase was created by a 2021 growth rate of over eight percent. The growth projection for 2022 is between 4.5 percent and five percent.
It necessary for the government to devise a package of initiatives to offer relief to the average citizen with a dividend, price cuts wherever possible, and a minimum wage increase, which it is rightly planning.
Διαχειριστής - Διευθυντής: Λευτέρης Θ. Χαραλαμπόπουλος
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