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Papathanasis: Thessaloniki Fair Package Exceeds 1 Billion Euros – 'No Recession' After Recovery Fund
🇬🇷 Greece /Economy & Trade

Papathanasis: Thessaloniki Fair Package Exceeds 1 Billion Euros – 'No Recession' After Recovery Fund

From Ta Nea · () Greek

Translated from Greek, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Greece plans to unveil an economic package exceeding 1 billion euros at the Thessaloniki International Fair.
  • The package aims to support the middle class, pensioners, families, and small and medium-sized enterprises.
  • Officials express optimism that the country will avoid recession following the Recovery Fund's implementation.

Greece is set to present a significant economic stimulus package valued at over 1 billion euros during the upcoming Thessaloniki International Fair. The announcement was made by Nikos Papathanasis, the Alternate Minister of National Economy and Finance, in statements to ERTnews.

An economic package of over 1 billion euros will be presented at the Thessaloniki International Fair.

— Nikos Papathanasis, Alternate Minister of National Economy and FinancePapathanasis announced the upcoming economic package, highlighting its significant value and the event where it will be unveiled.

Papathanasis indicated that the final decisions regarding the package's specifics rest with the Prime Minister. The proposed interventions are designed to benefit key segments of the population, including the middle class, pensioners, families, and small and medium-sized enterprises. This initiative signals a proactive approach by the Greek government to bolster the economy and provide targeted support.

The final decisions belong to the Prime Minister.

— Nikos Papathanasis, Alternate Minister of National Economy and FinancePapathanasis clarified the decision-making process for the economic package, emphasizing the Prime Minister's ultimate authority.

The minister conveyed a strong sense of optimism about the country's economic future, asserting that Greece will not experience a recession, particularly in the wake of the Recovery Fund's deployment. This fund, designed to aid post-pandemic economic recovery, is expected to play a crucial role in stabilizing and growing the Greek economy. The government appears confident in its ability to navigate potential economic downturns and foster a period of sustained growth.

The middle class, pensioners, families, and small and medium-sized enterprises will be at the center of the interventions.

— Nikos Papathanasis, Alternate Minister of National Economy and FinancePapathanasis detailed the key beneficiaries of the planned economic interventions, indicating a focus on broad societal support.

While the details of the economic package are still being finalized, the scale of the investment and the targeted beneficiaries highlight the government's priorities. The focus on vulnerable groups and small businesses suggests a strategy aimed at inclusive growth and resilience. The upcoming presentation at the Thessaloniki International Fair will be a key event for understanding the precise measures and their expected impact on the Greek economy.

There will be no recession after the Recovery Fund.

— Nikos Papathanasis, Alternate Minister of National Economy and FinancePapathanasis expressed confidence in Greece's economic outlook, predicting an absence of recession following the implementation of the Recovery Fund.
DistantNews Editorial

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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