The Greek economy has every chance of getting on a positive trajectory over the next five years thanks to European resources and the recent improvement in its position at the international level. This was pointed out Deputy Governor of the Bank of Greeceprofessor at the University of Piraeus, Theodoros Pelagidisspeaking on the First program and the show “Clean Accounts”.

And the positive effect of European funds alone is estimated to add at least 4 growth units to Greece’s GDP until 2026, Mr. Pelagidis stressed.

There is no apparent reason for a breakdown, the deputy governor of the Bank of Greece stressed, opining that political events are unlikely to reverse this upward trend, given that Greece is part of the European system, that public debt is regulated and that markets always have an influence on economic policy.

The reasons for the derailment are not visible, the Deputy Commander of the Ministry of Defense emphasized.

We have seen what happened in Britain, where the prime minister was replaced within a few days due to market pressure,” Mr. Pelagidis said. The Deputy Governor of the Bank of Greece said that the increase in the current account deficit to 9% of GDP is a negative development, but does not cause concern, since it is largely due to rising energy prices, which are 35%. imports, although to some extent this was also expected due to strong GDP growth.

With regard to inflation and interest rates, Mr. Pelagidis pointed out that central banks are leaning towards strict rhetoric, so-called “hawks”, as he characteristically mentioned, in order to convince them that they are determined to prevent the loss of control over inflation. That would be a disaster for the economy, business and workers, Mr. Pelagidis said, noting that there are two points of view today. As Mr. Pelagidis explained, the first school belongs to the French professor Olivier Blanchard, a former chief economist at the IMF, who believes that inflation will fall sharply.

The second school is expressed by the American economist Larry Summers, former US Treasury Secretary, who believes that inflation will decrease but remain high due to structural changes such as the green transition, globalization and demographic changes that will increase the costs in the economy.