7.9 C
5.5 C
20.5 C
2.4 C
13.5 C
New York
17.3 C
Sunday, April 11, 2021

Skylakakis: The Possibility Of a New Memorandum is Open – Public Debt Has Skyrocketed


The Deputy Minister of Finance, Theodoros Skylakakis, made a shocking statement today, as he left open the possibility of a new memorandum, since he predicted that due to the meaures / bans for Covid-19, the public debt will skyrocket!

Specifically, Mr. Skylakakis stated that the country is walking on a “tightrope, between dealing with the emergencies caused by the pandemic and avoiding situations and commitments that we had in previous years”, clearly implying that there is the threat of a new memorandum!

Regarding the debt as a percentage of GDP, it is estimated at 204% to 206%, (something that is logical to lead to new memorandum).

Mr. Skylakakis attributed the increase of debt not only to the effects of the pandemic but also to the revision of the calculation method recently made by ELSTAT, as a result of which the GDP of 2019 is estimated lower by 4 billion euros and of 2018 by 5 billion euros.

Police Raids Mykonos Party with 500 Guests, Arrests Couple for Quarantine Violation and Cocaine Possession

Regarding the recession of 2020, due to the second lockdown of the government, Mr. Skylakakis estimated it a little over 10%, revising upwards the forecasts so far.

As for the annual growth, he claimed that it will be a little over… 5% but he linked it to a large extent with tourism, which the government expects to move maybe a little over 60% compared to 2019, without of course this is to be sure, especially at a time when the whole world is plunged into recession and crisis.

That was the first statement by a government official that suggests that memorandum are coming and may follow in the coming weeks, as it is clear that the government’s lockdowns have led the country to a financial Armageddon worse than in 2010.

Facebook Comments Box

Turkey Raises Tension in Greek Exclusive Economic Zone (EEZ) in Eastern Mediterranean


Turkey Raises Tension in Greek Exclusive Economic Zone (EEZ) in Eastern Mediterranean

European Court of Justice: Opens the Way for Obligatory Vaccination?

The article is available in Greek here.The European Court of Human Rights has ruled that compulsory vaccination is legal, does not violate human rights and may be necessary in democratic societies. The decision of the ECHR came after a complaint from Czech parents who asked if the vaccination of children should be mandatory. The case does not concern the pandemic,...
Some of the medication used for COVID-19 is a in particular promising Cuban compound referred to as "Interferon alfa-2b," which has been effectively administered to Chinese language sufferers. In Greece Dr. S Tsiodras the Infectious Disease Specialist by the Greek Government have made request for clinical trials of Interferon since April of 2020 however not anything carried out afterwards and...
Austria, Vienna Court: “PCR tests have no diagnostic value” The article is available in Greek language here. In Europe there is growing intolerance for anti-Covid tests and rules. The controversy comes directly from the administrative court in Vienna and concerns the "tampon" policy regarding the pandemic in Austria. A ruling of March 24, 2021, questions the use of test PCR, considering...
A petition yesterday was submitted to Israel’s Supreme Court by Nakim.org founders Dr. Hervé Seligmann and Haim Yativ seeking to halt the COVID-19 vaccine campaign.
Gianna Angelopoulou Wanted to Invite the Criminal Erdogan For the 200 Years Celebrations of Greece 2021
The article is available in Greek language here. They attached to the petition an opinion by Nobel Prize in Medicine laureate Prof. Luc Montagnier who discovered the AIDS virus. Prof. Montagnier approached Seligman and Yativ following...
A Study published by Oxford Academic for the Infectious Diseases Society of America finds that human rhinovirus infection blocks SARS-CoV-2 replication within the respiratory tissue lining, presenting implications for Covid-19 epidemiology that lockdowns are likely to make infections worse. You can read this article in Greek language here. The researchers found that human rhinovirus triggers an innate immune response that blocks...

Follow Us on Social Media

Happening Now

Facebook Comments Box