Greece’s prime minister says he will keep spending under wraps in a keynote speech

ATHENS, Greece (AP) — Greece’s prime minister said Saturday he would not allow excessive spending to derail the country’s recovery from the lengthy financial crisis that required an unprecedented infusion of funds from its creditors, in a key speech at the country’s most prestigious trade event.

“I have not come with a bag full of gifts,” Kyriakos Mitsotakis told his audience at the Thessaloniki International Fair.

Heads of government traditionally outline the following year’s economic policies at the fair every September, while touting their achievements.

The European Union’s new post-pandemic fiscal rules seek to keep spending growth under wraps, with violators facing fines, and Mitsotakis promised to stick by those rules,

Mitsotakis did announce pension and minimum wage hikes, as well as measures designed to boost exports, improve productivity, help with housing shortages, encourage the young to stick with farming and address the country’s low birthrate.

Several of those measures, such as a second round of low-rate mortgages for young families, worth 2 billion euros ($2.2 billion) will be partly funded by the European Union.

<bsp-list-loadmore data-module="" class=«PageListStandardB» data-gtm-region=«RELATED COVERAGE» data-gtm-topic=«No Value» data-show-loadmore=«true» data-parsely-url=«https%3A%2F%2Fapi.parsely.com%2Fv2%2Frelated%3Fapikey%3Dapnews.com%26url%3Dhttps%3A%2F%2Fapnews.com%2Farticle%2Fthessaloniki-trade-economy-mitsotakis-politics-873d929f907e81b39a16b8b316babf6c%26limit%3D9%26respect_empty_results%3D1%26sort%3D_score%26pub_date_start%3D2024-07-24%26exclude%3Dsection%3APress%20Releases%26exclude%3Dtags%3ACelebrity%20Birthdays» data-parsely-title=«Related Stories» data-gtm-modulestyle=«List B»>