FinMin Staikouras after Ecofin: 'We have the flexibility we need to deal with the pandemic'
- Written by E.Tsiliopoulos
Finance Minister Christos Staikouras on Monday evening said that "we have the flexibility we need to deal with the pandemic", speaking after the end of a teleconference of EU member states' Ministers of Finance, was carried out via streaming due to COVID-19 precautionary measures.
On the effects of the pandemic to national economy, Staikouras said that "Greece can timely and effectively tackle the (coronavirus) pandemic so that the damage to the economy, which will be significant, can be reversed."
With the Covid-19 pandemic in full fledge, the ministers agreed that the conditions for the use of the General Escape Clause of the EU fiscal framework are met, and justified its activation.
The use of the clause will ensure the needed budgetary flexibility to take all necessary measures for supporting health and civil protection systems.
The clause allows member states to depart from regular budgetary requirements, in order to tackle the economic consequences of the pandemic.
Related items
- EU Commission sees Greece's growth rate at 2.2% in 2024 and 2.3% in 2025
- Menidi: Forty year old woman stabbed by enstranged husband in the middle of the street - Police on manhunt
- Kosmos leader slams government inaction against climate change
- Greek police arrest 28 after Law School occupation, including 9 foreign nationals
- Syracuse exhibition on Mycenaean influence on Sicily includes golden cup of Dendra
Latest from E.Tsiliopoulos
- EU Commission sees Greece's growth rate at 2.2% in 2024 and 2.3% in 2025
- Menidi: Forty year old woman stabbed by enstranged husband in the middle of the street - Police on manhunt
- FM Gerapetritis: Greece will ratify Prespa Agreement when North Macedonia fully complies with its int'l commitments
- Turkish crime kingpin arrested in Athens
- Kosmos leader slams government inaction against climate change