Greater recession expected, with even more measures on the horizon

During a radio interview with Skai Radio, government vice president and Finance minister Evangelos Venizelos left open the possibility of imposing new and harder measures in the near future. Speaking of the already ratified measures, he said that the leadership has insisted on proposing more than the necessary ones. However, he did clarify that in case of “fresh action”, the lower strata and vulnerable social groups will not be affected.

Additionally, Venizelos shared his fear that this year’s recession might not be at 3.8% but even higher, at 4,5%, at a time when the former FinMin George Papaconstantinou referred to a 2% recession ceiling for the present year!

When asked about the financial aid agreement between Greece and Finland, he said that there is a possibility of it gaining a greater “circle of friends” and underlined that all final decisions are to be made during the next Eurogroup meeting.