Prime Minister says the country has turned the page and overcome economic crisis of more than a decade
Greek Prime Minister Kyriakos Mitsotakis signaled for the first time in more than a decade an increase in pensions in 2023. According to the prime minister, the country has managed to overcome the financial chaos that lasted more than a decade in the country. The information is from Reuters.
At the onset of the economic crisis in 2009, the country was forced by its international creditors to reduce pensions by 10 times to meet fiscal targets.
“Everyone should benefit from growth without threatening the country’s fiscal balance or economic competitiveness”declared the prime minister.
The Central Bank expects the economy to grow 3.2% by the end of the year. The number was reduced after the start of the war in Ukraine.
Mitsotakis recalled the height of the economic crisis in 2015, when the population queued at banks due to capital controls and spoke of progress in the Greek economy.
“Fortunately all this belongs to the past. Today Greece is a different Greece”said.
The prime minister will end his term in 2023 and is under pressure from the left to bring forward the elections due to the treatment given by his government during the pandemic, the increase in the price of electricity and inflation.
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