In the economic consequences of the world but also in Greece of the decision of the President USADonald Trump, to impose new ones dutiesThe head of the Prime Minister’s financial office, Michalis Argyrou, mentioned in an interview with SKAI.
Specifically, Mr Argyrou spoke of “a fundamental change in the global commercial and economic system, a development that overturns decades of facts that have been characterized by the development of international trade for the benefit of global development.” “This is a change of model,” he continued, “which is not in the direction of the European Union, which supports the seamless, free trade under rules.”
In the midst of ever -increasing uncertainty and just a day after the announcements on duties, “we cannot know the full new environment that will be shaped by the reaction of the US trade partners, and therefore from the reaction of Europe, but also of the large commercial partners, such as China,” react to the financial system in the future, which today did not react well today. ” However, he expressed the view that in the coming days there would be a “great volatility” until the data is known, and until the markets are able to understand and analyze this data.
“We are at the beginning of a difficult period,” said the head of the Prime Minister’s financial office, “another crisis, which, if eventually evolved, can create serious turmoil in the world economy.”
The US has been presenting a deficit in the outdoor sector over the last – just – years, which practically means importing more products than they export. This is a very big problem for the country’s economy, according to US economists, and for this reason, Donald Trump has spoken of a “day of liberation”.
Mr Argyrou explained that Trump’s goal is for the United States to reduce this deficit through duties. “Duties will help reduce the deficit and develop the country in the form of investment, and this in turn will create more new jobs and higher income for American citizens. However, historical experience has shown that trade wars lead to bilateral losses, both for those who impose duties and for those who exist. “
Mr Argyrou agreed with the statement by the President of the Commission, Ursula von der Laen, who said that “Europe is prepared for the worst, but at the same time ready to negotiate with the US”.
“We need to maintain open channels of communication with the US and do the right negotiations in order to make advantageous agreements,” Mr Argyrou said.
The head of the Prime Minister’s financial office also stressed that “Europe is represented single, as a whole, it is following a common commercial and agricultural policy. Each Member State does not only look at its internal interests, but it is equal to the decisions of the European Union. “
In a question about the attitude of Europe against Trump’s duties, Mr Argyrou replied:
“We have to be real and effective,” the economist replied. “There should be channels of communication with other ‘players involved’,” he said, hoping that in the end as a result, “the good scenario will prevail, for the benefit of all, which is the restoration of normalcy in the international economic system”.