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Staikouras: Economic support measures will exceed 14 billion euros in 2021

Staikouras: Economic support measures will exceed 14 billion euros in 2021

The economic support measures will exceed 14 billion euros in 2021, an amount twice the budget forecast, Finance Minister Christos Staikouras said on Sunday in an interview with Kathimerini newspaper.

"We are absolutely ready to respond to all the scenarios for April, even to the worst ones," he added.

Staikouras said that Greece has 30 billion euro cash reserves, which is "safe enough levels", adding that the country has borrowed 22 billion euros over the past two years. "We have to be careful and prudent," he explained.

Although he said that "there is great uncertainty and dynamics in developments", he left open the possibility of continuing tax cuts in 2022 and talked about an adjustment of the objective values and corresponding harmonisation of the uniform real estate tax (ENFIA), but taking into account the conditions that have been formed throughout this period in the Greek economy.