“The situation in the Middle East raises significant concerns, and we hope to avert the worst outcomes,” stated Kyriakos Pierrakakis, the Minister of National Economy and Finance, emphasizing the importance of allowing “time and space for diplomacy.”
He cautioned that “if the Strait of Hormuz were to be closed, the repercussions would be severe, but we are not at that point yet.” Speaking on SKAI TV, he noted that “current oil prices stand at $77 per barrel, which is lower than last year’s price of $82 per barrel.”
Pierrakakis highlighted that “the government has consistently demonstrated its ability to manage crises, with all relevant ministries keeping a close watch on developments.”
He also assured that the tensions in the Middle East will not disrupt the planning for the Thessaloniki International Fair (TIF). “The TIF plan is focused and aims to alleviate burdens on the middle class,” he said, adding: “We are particularly concerned about housing issues and intend to offer both incentives and disincentives.”
Addressing the issue of borrowers in Swiss francs, the Minister indicated that a solution is imminent. “We are actively exploring options for the Swiss franc, as previously mentioned. One aspect will involve an out-of-court mechanism,” he explained.
“We also need to monitor the fluctuations in the euro exchange rate. All these factors interact and must be considered in devising a solution,” Pierrakakis added.
He concluded by mentioning that “we will soon provide more details on the matter.”
