“In the financial wars there are only losers”
Seven axes of interventions to shield the economy by international instability was presented by the Deputy Prime Minister, Kostis Hatzidakisspeaking on Thursday night at an event of the Hellenic-Italian Chamber in Athens.
On the occasion of the announcement of the enforcement dictatorial By President Trump, Mr. Hatzidakis stressed that despite the fact that only 5% of Greece’s exports are heading to the US, it would be wrong to consider that we were not affected.
“I have to note, as Vice -President of the Government and as a former Minister of Finance, because there are certainly secondary consequences on the European economy, and therefore on the Greek economy,” he said. “A great world economic and trade war has begun. I hope it will end as quickly as possible, but we have no doubt. AThere are no winners in the financial wars. There are only losers. “
Mr Hatzidakis emphasized that both the European Union and Greece must be shielded by careful movements that enhance their competitiveness, autonomy and durability. “We have to be more competitive. We need to strengthen our autonomy in strategic areas, such as energy, raw materials, in order to reduce our exposure to international economic disorders. And of course we must have the institutions and mechanisms to stay upright even in the most adverse conditions. To withstand the crises, but also to exploit them, as we attempt to do with the recovery fund as an opportunity to transform and accelerate the necessary changes, “he said.
The axes of interventions, according to a statement by the Deputy Vice -President of the Government, are codified as follows:
1. Attracting even more investments, including, with the reform of the institutional framework to attract immediate foreign investment. At the same time, actions are proceeding for:
* Further simplifying the business environment, with the aim of reducing administrative burdens by 25%.
* Further accelerate the administration of justice.
* Completion this year of the National Land Registry, promoting local and special planning plans.
* Implement the new law on incentives in innovation and mergers.
2. Strengthening the funding of the actual economy, through the regulations of the bill, discussed in the House, to further strengthen the capital market, utilization of the NSRF and the recovery fund in conjunction with the development bank to support the liquidity of small and medium -sized enterprises.
3. Strengthening extroversion. The main goal is to penetrate two very large markets, which are India and China, with simplification and further digitization of customs processes and export incentives.
4. Upgrading infrastructure. In addition to the infrastructure in energy, which allowed after many years in 2024 to become a net exporter of energy, critical projects such as: the expansion of the Thessaloniki Metro, the construction of the new International Airport in Kasteli, Heraklion, the utilization of regional ports, the promotion of the Network.
5. Expanding the productive basis of the Greek economy. “There has already been a significant increase in industry participation in GDP in recent years. Greece is gradually changing. And the aim of the government is to boost this change in areas such as technologies and health applications, robotics, defense industry and ship repair and shipping, “Mr Hatzidakis noted.
6. Human resources. “Changes are also reflected in a decrease in unemployment, which has been reduced to 8.6%. We are enhancing this effort with massive workers’ training programs, with a focus on certification of skills, so that resources spent to take place and enhance the participation of women, young people and people with disabilities in the labor market, ”he said.
7. Financial policy and taxation. “I am proud, because when leaving the Treasury, I handed over to my successor not only primary, but a normal surplus,” the government’s vice president said, adding: “This policy combines debt reduction with strong growth rates for European data. And it has allowed us so far – and will allow us from now on – to have tax cuts and a social dividend that returns to citizens. “
“Greece,” he concluded, “From a black sheep of the European Union it has turned into an example of success. No matter how many people want to reduce this effort, reality, international organizations, international analysts, all individual evidence shows that we are on the right track. What we promise is that we will continue on the same road, correcting errors where needed, but without promising miracles. “
