Ad­di­tional cri­sis pack­age un­veiled

As country enters ‘un­charted wa­ters,’ PM pri­or­i­tizes job cre­ation with five-pronged plan

Kathimerini English - - Front Page -

Re­mark­ing that Greece “is in un­charted wa­ters” and in the midst of an un­prece­dented cri­sis with dra­matic pres­sures on growth, Prime Min­is­ter Kyr­i­akos Mit­so­takis yes­ter­day pre­sented ad­di­tional mea­sures cen­tered on jobs and sup­port for busi­ness.

Re­spond­ing to a ques­tion in Par­lia­ment by the leader of the Move­ment for Change (KINAL), Fofi Gen­ni­mata, he added that af­ter the first “de­fen­sive” moves to deal with the cri­sis, the gov­ern­ment now has a plan to pro­mote growth-spurring ini­tia­tives.

“I do not claim that dur­ing this phase of the econ­omy we can cre­ate new jobs. This is some­thing that should con­cern us in the near fu­ture. That is why the gov­ern­ment is con­sid­er­ing in­tro­duc­ing an in­no­va­tive pro­gram which will sub­si­dize the cre­ation of new jobs, in ad­di­tion to the ef­fort we are cur­rently mak­ing to sup­port ex­ist­ing jobs,” he said.

The ad­di­tional five-pronged plan in­cludes a zero ad­vance tax for busi­nesses whose firsthalf turnover has dropped by 35% com­pared to the first half of 2019 (a re­duc­tion of 30-70% for the rest), as well as for sea­sonal com­pa­nies.

Se­condly, a third cy­cle is start­ing for re­turn­able de­posits while, thirdly, the 60% sub­sidy from the state for all em­ployer con­tri­bu­tions to the Syn-Er­ga­sia pro­gram is be­ing ex­tended un­til Oc­to­ber.

Fourthly, sea­sonal com­pa­nies will not pay any em­ployer con­tri­bu­tions for the July-Au­gust-Septem­ber quar­ter. Fi­nally, the pos­si­bil­ity of sus­pend­ing em­ployee con­tracts will be ex­tended through­out the range of tourism busi­nesses.

“We know that the im­pact on growth, both in the sec­ond and third quar­ters, will be dra­matic. Things will go very badly. We are ex­pe­ri­enc­ing an un­prece­dented eco­nomic cri­sis. We never hid it,” he said, adding, how­ever, that the gov­ern­ment has not been in­ac­tive. “Our in­ter­ven­tions are dy­namic. We have kept am­mu­ni­tion so we can use it when we are sure we have the abil­ity to do so and when cir­cum­stances dic­tate,” Mit­so­takis stressed. In re­sponse, Gen­ni­mata asked what was the point of sav­ing am­mu­ni­tion “when we are sur­rounded by ru­ins.” The ex­changes be­tween the two, which were at times ac­ri­mo­nious, were seen as sur­pris­ing by po­lit­i­cal ob­servers given the will re­cently ex­pressed by both sides to find com­mon ground in the midst of the cri­sis. Mit­so­takis pushed back against Gen­ni­mata’s ac­cu­sa­tion that the gov­ern­ment was not lis­ten­ing to the pro­pos­als of the op­po­si­tion. “We are also adopt­ing some of your sug­ges­tions,” he said, and went on to re­mind Gen­ni­mata that they both served un­der the coali­tion gov­ern­ment led by then prime min­is­ter An­to­nis Sa­ma­ras.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.