Greek Prime Minister Kyriakos Mitsotakis recently outlined his economic agenda at the Thessaloniki International Fair, highlighting key areas such as wage growth, employment, and climate challenges. During his annual speech at the fair, Mitsotakis presented nine challenges for his government, including the convergence of public and private sector wages, employment growth, green transition, and an effective response to demographic and climate crises. He emphasized the need for useful and effective options, rather than frivolous benefits, at a time when several European countries are under surveillance for overspending.
Among the measures announced by the Greek Prime Minister were higher pensions for 2 million pensioners starting next year and a new increase in the minimum wage in April. The government plans to spend 3 billion Euros on these measures in 2025, amounting to 1.5% of the GDP. Greece is still recovering from a budget crisis that occurred from 2009-2018, which led to a significant economic downturn and austerity measures. Despite a steady recovery in recent years, the country still faces high unemployment rates and low purchasing power compared to other EU countries.
One of the key priorities for Greece is combatting climate change and transitioning to green energy. The country has faced devastating wildfires and floods in recent years, leading to negative impacts on public finances. Mitsotakis emphasized the importance of addressing these issues and implementing sustainable practices to protect the environment and ensure long-term economic stability. Greece’s focus on green initiatives aligns with broader efforts across the EU to reduce carbon emissions and promote sustainable development.
As part of his economic agenda, Mitsotakis also addressed the need for effective responses to demographic challenges, such as an aging population and declining birth rates. By implementing policies that support families and encourage population growth, the Greek government aims to address these demographic issues and ensure a healthy labor force for the future. Additionally, efforts to boost employment and improve wage growth are critical to enhancing economic stability and prosperity for all citizens.
In the wake of the COVID-19 pandemic, Greece, like many other countries, faces the challenge of rebuilding its economy and ensuring a sustainable recovery. Mitsotakis’ economic agenda aims to stimulate growth, create new job opportunities, and address pressing social and environmental issues. By focusing on key areas such as wage growth, employment, and climate challenges, the Greek government seeks to lay the foundation for a more resilient and prosperous future. With a comprehensive strategy in place, Greece is working towards a sustainable economic recovery that benefits all its citizens and ensures long-term prosperity.
