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Prime Minister Kyriakos Mitsotakis announced forthcoming government intervention to address issues within the banking sector, speaking during a parliamentary debate on Thursday.\u00a0<\/p>\n
Mitsotakis highlighted concerns over high fees, low deposit interest rates, and slow housing loan approvals. \u201cWe\u2019ve asked banks to react. Their response hasn\u2019t satisfied us, so expect government action to address the core problems,\u201d he stated.<\/p>\n
Rejecting PASOK leader Nikos Androulakis\u2019 proposal for a windfall tax on banks as a \u201cfirework,\u201d Mitsotakis urged patience, promising his government\u2019s detailed proposals soon.\u00a0<\/p>\n
On labor policy, he defended his administration\u2019s record, noting that the minimum wage has risen from \u20ac650 to \u20ac830 during his tenure.<\/p>\n
By 2027, the government aims for a minimum wage of \u20ac950 and an average salary exceeding \u20ac1,500. \u201cWe\u2019ll not only achieve this but surpass it,\u201d Mitsotakis affirmed, positioning Greece 11th among EU nations for minimum wage, \u201cand not in last place as some often claim.\u201d\u00a0<\/p>\n
Responding to calls for VAT cuts, he cited Spain\u2019s experience, where reductions briefly lowered prices but ultimately led to cumulative increases, favoring intermediaries over consumers.\u00a0<\/p>\n
Mitsotakis emphasized \u201cresponsible fiscal policies\u201d over uncosted populism, referencing OECD data showing Greece\u2019s wage growth outpacing the organization\u2019s average.\u00a0<\/p>\n
Mitsotakis concluded by reiterating his government\u2019s commitment to balancing economic growth with support for vulnerable workers.<\/p>\n<\/p><\/div>\n