Shifting Away from Temporary Welfare Measures
Finance Minister Makis Keravnos revealed the government’s decision to phase out temporary welfare measures in favor of fostering longterm economic stability and selfreliance, aiming to bolster the middle class and maintain a low unemployment rate of 4.5%. With inflation declining to 0.7% in September, the government believes it’s time to shift focus from shortterm relief to sustainable growth, despite facing political challenges regarding publicsector wage increases.