Tsipras: “The recovery of the banks is necessary to exit the crisis”
“Any attempt to exit the crisis must first see a consolidation of the banking system” argued the Prime Minister Alexis Tsipras in his address for to the ACT4reece program of the National Bank.
According to the Prime Minister, the long-term recession has brought on a huge social and financial crisis and pointed out the dramatic decline of all social indicators.
Over 250,000 SMEs were forced to shut down, while those that have managed to survive are having to face low demand and expensive borrowing, he further explained.
Nevertheless, he added, about 1.7 million Greeks works in SMEs and as such, the country’s economic recovery must begin from them.
You may be interested
Golden Globe Awards 2021: Borat 2 wins best comedy filmPanos - Mar 02, 2021
The movie “Nomadland” and the much-discussed sequel to “Borat” were the big winners of the 78th Golden Globe Awards 2021,…
The Turkish research vessel Cesme sails for central Aegean SeaPanos - Mar 02, 2021
The Turkish hydrographic ship Cesme resumed its survey activities in the Central Aegean from today, March 1st, at dawn. At the first…
Foreign Policy: Who is hot & who is not in the Middle East – AnalysisPanos - Mar 02, 2021
On February 22nd, 2021, Politico ran a story revealing the Biden administration is deprioritizing the Middle East. It was an interesting read. Yet…