“The Greek government has requested through the competent minister Costas Skrekas, and will be discussed today in the Council of Energy Ministers, to create a European Solidarity mechanism for the energy crisis, intensified by the Russian invasion of Ukraine,” said the Minister of Finance Christos Staikouras, speaking on SKAI radio.
Mr. Staikouras noted that according to the Greek proposal, the Member States will be able to obtain low-interest loans to finance measures to offset the effects of high energy prices, while loans will not be calculated in the deficit and public debt of the Member States.
Mr. Staikouras stated that according to the estimates of the Ministry of Finance, due to the Ukrainian crisis, we will see effects mainly on energy, but also an impact on inflation, borrowing costs and financial markets.
Read also: Greece is requesting the mobilization of the EIB to subsidize energy costs
He estimated that we may see negative effects on tourism, mainly in Northern Greece but also a reduction in travel receipts by up to 5%.
He also said that the inflationary consequences will also affect imports of cereals and cereals.
The consequences of SWIFT
The Minister of Finance stressed, however, that Europe acted in a timely, fast and united manner in this crisis in Ukraine, while he estimated that additional sanctions, such as leveraging the SWIFT mechanism, will have an impact on European economies.
He also made it known that Greece has requested in writing from European fora the exclusion of defense spending from any fiscal targets in the future.
He finally stated that the new ENFIA will be legislated in the coming weeks.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
