Greece’s Middle Class to See Relief Measures Announced by PM at TIF, FinMin Says

The Greek Finance Minister, Kyriakos Pierrakakis, told Mega TV on Thursday that the government was preparing a package of limited measures to alleviate the burden on Greece’s middle class.

Greece’s Middle Class to See Relief Measures Announced by PM at TIF, FinMin Says

Pierrakakis said the relief measures would be formally announced by the Prime Minister at the 89th Thessaloniki International Fair (TIF) in September.

The minister underlined that any fiscal leeway available in terms of public spending was being directed toward Greece’s middle class. “We’ve targeted the Public Investment Program to generate jobs nationwide. We’re also prioritizing issues affecting pensioners, housing, and taxation.”

On the housing crisis, Pierrakakis acknowledged the urgency of the issue, noting the government had it as one of its top priorities, recognizing the importance of providing effective solutions.

He went on to stress that after assuming his post, the ministry implemented an initial support measure involving rent subsidies tied to tax declarations. This, he explained, not only helps tenants but also promotes transparency in rental market data.

Commenting on a controversial amendment concerning the involvement of politicians’ first-degree relatives in foreign companies, Pierrakakis defended the government’s stance.

“This is populism at its finest,” he said of the opposition’s criticism. “SYRIZA introduced the current framework. But if any European court were to assess that framework, I can say with absolute certainty it would be struck down with a bang—it is completely contrary to EU law.”

He insisted the new regulation bans participation in offshore companies located in jurisdictions that are not fiscally cooperative with Greece and clarifies legal ambiguities. “This is about transparency—not loopholes.”

The controversial amendment the government tried to push through on Tuesday night triggered critical responses by opposition parties which accused the government of employing dubious tactics.

Source: tovima.com

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