Prime Minister Kyriakos Mitsotakis described the progress of the Greek economy as positive, despite the international turmoil. Speaking at the Conference of the International Organization of Capital Market Supervisory Authorities, on Wednesday morning, the Prime Minister said that the country’s performance exceeded the European average after a period of deep economic crisis.
“Despite the image of normalization of the situation, we are not yet out of danger”
The Prime Minister pointed out that the capital markets have proved to be quite resilient despite the constant turbulence. He noted, however, that despite the picture of a normalization of the situation, we have not yet escaped the danger and stressed that inflation is expected to be higher than we would hope, especially in food.
He also said there is still potential for energy turbulence, although things have calmed down somewhat, while he also raised the issue of major natural disasters.
Common capital market
The Prime Minister said that the government is in favor of the common capital market, saying however that progress so far has been limited, as a result of which Europeans are forced to invest in the US.
He also expressed the importance of financing measures for small and medium sized enterprises, while he called for common rules and standards in the EU.
In conclusion, he noted that the situation has changed for the better, while referring to the new challenges, he said that – among others – they concern the financing of the “green” transition.
