Decisions taken at EU summit must be endowed with solidarity, Staikouras says

The decisions to be taken at the EU summit meeting must be endowed with solidarity, they must not be inferior to that which the circumstances demand, nor appear hesitant or reluctant. This is what all citizens in Europe expect, Finance Minister Christos Staikouras said late on Wednesday during an online discussion co-organised by the Konstantinos Karamanlis Institute of Democracy and the German Hanns Seidel Foundation.

Europe has taken several steps forward in this crisis, as opposed to the financial crisis a decade ago. The finance ministers, the European institutions, have taken important and swift decisions, as well as unprecedented measures. However, it is necessary to have new tools to use in this battle and different weapons – and this is Greece’s position, he said.

Additional initiatives are needed to provide further liquidity injections, by making alterations to and strengthening the next Multiannual Financial Framework (2021-2027) and by setting up a strong recovery fund, through the issuance of a common European tool or other innovative solutions – something that will be for the benefit of the European economy as a whole.