Pierrakakis: Greece reduces debt from 210% to 136% and accelerates investment growth

Greece is moving toward upgrading its concern profile, driven by the awesome simplification of nationalist indebtedness and the integration of its superior marketplace into the Euronext ecosystem. Speaking astatine an lawsuit of the Hellenic–French Chamber of Commerce and Industry successful Athens, the Minister of National Economy and Finance, Kyriakos Pierrakakis, presented the model for the adjacent signifier of the economy, emphasizing investment, the superior market, and the enlargement of Greek–French cooperation.

According to the information helium presented, public debt—after reaching 210% of GDP pursuing the pandemic—is projected to autumn to 136% by 2026, signaling what helium described arsenic the largest diminution astatine slightest successful Europe and perchance globally. At the aforesaid time, the superior surplus is expected to scope 4.9% of GDP successful 2025, portion unemployment has fallen adjacent to 8%, down from implicit 27% successful the erstwhile decade.

He stressed that this improvement “creates the indispensable fiscal abstraction for targeted enactment measures.” In this context, helium referred to the instrumentality of €800 cardinal to citizens wrong a abbreviated period, arsenic a effect to vigor situation pressures, arsenic good arsenic the promotion of imperishable income-support measures.

A cardinal constituent of the government’s strategy, helium said, is the integration of the Greek superior marketplace into Euronext, a determination expected to broaden entree for Greek companies to planetary superior and fortify their quality to concern larger concern projects. The extremity is to make larger-scale companies with greater extroversion and the quality to enactment successful European structures.

In this context, Pierrakakis warned that determination is nary country for delays, noting that “time is already moving successful reverse” for Europe. He stated that each postponement widens the concern and competitiveness gap, making it indispensable to accelerate marketplace integration and mobilize superior astatine the European level.

He besides placed peculiar accent connected the Greece–France strategical partnership, which is gaining a stronger economical footprint. He noted that “from large infrastructure projects to investments successful vigor and defense—such arsenic the Belharra frigate program—the bilateral practice is presented arsenic an illustration of concern involving exertion transportation and the information of Greek companies successful the proviso chain.”

In the vigor sector, helium referred to the beingness of French groups and the strengthening relation of Greece arsenic an vigor hub successful the southeastern Mediterranean. In infrastructure and transport, helium highlighted synergies that heighten connectivity and development.

The curate stressed the request for deeper marketplace integration and coordinated concern policy, informing that fragmentation limits EU competitiveness. In this context, helium referred to the request for associated enactment successful areas specified arsenic defense, energy, and technology, arsenic good arsenic the value of creating larger European “champions.”

He besides mentioned the Savings and Investment Union arsenic the adjacent measurement for the European economy, aimed astatine amended utilizing European savings and directing them toward productive investments.