Previewing interventions across three critical areas — income support, private debt management, and investment attraction — Greece’s Minister of National Economy and Finance Kyriakos Pierrakakis has described September as a month of major economic initiatives. In a statement to the newspaper “Apogevmatini tis Kyriakis” and journalist Penny Avramidi, the minister emphasized that government policy cannot be limited to piecemeal handouts, but requires a comprehensive plan that will boost citizens’ disposable income, address accumulated burdens from the past, and create new growth prospects.
Kyriakos Pierrakakis: The goal is to ease household budgets
The first milestone of the government’s initiatives will be the Thessaloniki International Fair, where Prime Minister Kyriakos Mitsotakis is expected to present a package of measures targeting pensioners, workers, freelancers, and farmers. According to Minister Pierrakakis, the goal is to ease household budgets, reduce tax burdens, and strengthen disposable income through permanent measures that will not jeopardize fiscal stability.
In parallel, on September 21st, a new measure addressing private debt will come into effect, centered on protecting primary residences through the out-of-court settlement mechanism. As the minister notes, this measure adds to the existing 72-installment settlement plans, improvements to the out-of-court mechanism, and the increase in the protected bank account threshold — all aimed at giving thousands of citizens the opportunity to settle their debts and restart their financial lives.
Referring to investments, Minister Pierrakakis stressed that the government is seeking to elevate Greece’s role on the international economic map by creating a competitive framework that will attract major international investment fund managers. As he noted, the establishment of such organizations in the country will bring new capital, expertise, specialized jobs, and will strengthen a broader ecosystem of financial, legal, technological, and advisory services.
The minister also left open the possibility of significant announcements in the coming weeks, expressing confidence that Athens can claim a place in a market currently dominated by major international financial centers.
“These three priorities share a common denominator: the citizen,” Kyriakos Pierrakakis emphasizes, underlining that the goal is to increase household disposable income, resolve long-standing financial issues, and create new employment and growth opportunities through investment.
Kyriakos Pierrakakis’ full statement to “Apogevmatini tis Kyriakis”
“September is a month of important decisions for the economy and citizens’ everyday lives. We know the problems, we know where pressures still exist, and we know what needs to be done. The answer cannot be limited to a policy of handouts. What is needed is a plan that supports income today, addresses burdens from the past, and creates more opportunities for the future.
The Thessaloniki International Fair is the first major milestone. There, Prime Minister Kyriakos Mitsotakis will present a coherent package of interventions for millions of citizens: pensioners, freelancers, workers, and farmers. The goal is to ease household budgets, reduce tax burdens, and boost disposable income — with permanent measures, within the real capacity of the economy.
Social support is strongest when it is built on solid foundations.
September, however, does not end with the Thessaloniki International Fair. On the 21st of the month, another important measure from our private debt plan comes into effect, with the protection of primary residences through the out-of-court settlement mechanism. It adds to the 72-installment plans, improvements to the out-of-court process, the increase in the protected bank account threshold, and arrangements that give thousands of citizens the ability to tackle accumulated debts and regain control of their lives.
Addressing private debt is both an economic issue and a deeply social one.
At the same time, we are working to change the country’s position on the international economic map. We have created a modern and competitive framework so that international investment fund managers choose Greece as a base for real business activity. We are talking about organizations that deploy executives, establish offices, bring expertise, and develop around them an ecosystem of legal, audit, banking, advisory, and technology services.
In the coming weeks, we expect significant developments in this direction — developments that could mark Athens’ entry into a market currently dominated by other international financial centers.
These three priorities share a common denominator: the citizen. More money staying in the family. The ability for someone carrying a burden from the past to make a fresh start. Investments coming to Greece that create jobs and opportunities.
We want every step of economic progress to also be a step forward in the lives of citizens.”
