Greece to unveil triple economic intervention in September

Greece is gearing up for a significant economic push in September, with the government planning a three-pronged approach to bolster incomes, tackle private debt, and attract investments. Minister of National Economy and Finance Kyriakos Pierrakakis highlighted these upcoming interventions, emphasizing that the Thessaloniki International Fair will be a major focal point.

“

We know the problems, we know where there is still pressure, and we know what we need to do. The answer cannot be limited to a policy of handouts. We need a plan that supports income today, addresses past burdens, and creates more opportunities for the future.

At the fair, Prime Minister Kyriakos Mitsotakis is expected to present a comprehensive set of measures designed to ease the financial burden on millions of citizens, including pensioners, the self-employed, and workers. The goal is to lighten household budgets, reduce tax liabilities, and increase disposable income through permanent measures that align with the economy's actual capacity. The government stresses that social support must be built on a solid economic foundation.

Beyond the Thessaloniki fair, September will also see the activation of a key measure for private debt management on the 21st. This initiative will enhance the protection of primary residences through an out-of-court mechanism. It complements existing measures such as 72-installment payment plans, improved out-of-court settlement processes, and increased non-seizable bank account limits, all aimed at helping thousands of citizens manage accumulated debts and regain control of their financial lives.

“

The goal is to lighten the family budget, reduce tax burdens, and increase disposable income. With permanent measures, within the real possibilities of the economy. Social support is stronger when it is based on solid foundations.

Simultaneously, Greece is working to enhance its position on the global economic map. The government has established a modern and competitive framework to encourage international investment fund managers to base their operations in Greece. This is expected to bring in executives, create offices, transfer expertise, and foster an ecosystem of legal, auditing, banking, consulting, and technological services. Significant developments are anticipated in the coming weeks, potentially marking Athens' entry into a market currently dominated by other international financial centers.

“

Private debt management is an economic issue, but also a deeply social one.

The overarching aim of these priorities is to benefit the citizen directly. The government wants more money to remain in families' pockets, enable individuals burdened by past debts to start anew, and attract investments that create jobs and opportunities. Every economic advancement, they assert, should translate into a tangible improvement in citizens' lives.

“

We want every step of economic progress to be a step forward for citizens' lives.