Mitsotakis calls on gov’t to avoid temptation of handouts at TIF

Greece has no access to low interest-rate lending from European markets, and remains tied to tough obligations up to 2022, New Democracy (ND) leader Kyriakos Mitsotakis said on Wednesday at a meeting with representatives of production organizations.

The main opposition leader spoke of his party’s policy plans for a higher rate of growth and for lower social insurance contributions, among other things.

Mitsotakis appealed to the government to avoid the temptation of announcing handouts during the prime minister’s annual economic policy speech at the Thessaloniki International Fair (TIF) on Saturday, saying it would lead to higher loan interest rates for all Greek businesses.

At the meeting, the president of the Association of Northern Greek Industries, Athanassios Savvakis, said that the gap between central services and regional ones had been widening. The solution would be to implement initiatives that encourage investments in decentralized regions and link primary and secondary sectors better, among other things. He also praised the government’s decision to establish a Ministry of Industry, which had been a long-standing request.