The European Commission’s proposal to activate the national escape clause for the defensive costs constitutes a strategic success of the country, the minister said Kyriakos Pierrakakis in his statements.
Mr Pierrakakis said that in a period of intense geopolitical uncertainty, Greece can continue to invest with defense spending and its deterrent power, with respect to budgetary rules.
“With the initiative that Greece and other European countries have undertaken, our country will be able to spend more than € 500 million for 2026. It is particularly important that our partners have taken into account as a reference point in 2024, especially for Greece, thus creating the additional fiscal space. For our country, defense is a national affair and is an absolute priority, “the minister said.
“The European semester announced today by the European Commission is overall reflects the dynamic course of the Greek economy. It turns out that Greece is achieving its goals, with high primary surpluses and double the eurozone. According to the European Commission, Greece maintains the ability to serve its debt, which is rapidly declining.
Overall, the European Commission’s report is a clear recognition of the positive course of the Greek economy and the huge efforts that have been paid for the country to be on track of stability and growth today, “he concluded.