Economy Minister Giorgos Stathakis promised that some 11.5 billion euros will be funneled into the capital-starved Greek economy by the end of the January, speaking at a chamber event in Thessaloniki over the weekend.
The breakdown in the figure, according to Stathakis, is 6.75 billion euros from national and European coffers, as entailed in the 2014-2020 National Strategic Reference Framework (NSRF) initiative, as well as 3.5 billion euros in payments owed by the state to private sector suppliers and contractors.
The latter figure would ostensibly come from continued funding of the Greek state by institutional lenders and the successful achievement of revenues targets set in the 2016 budget.
In a bid to allay continuing grumbling by the business sector over few or no signs of economic recovery in the country, Stathakis echoed the government “line” in pointing to distinct signs of “stabilization”, as he said.
In fact, he said such positive signs could even propel the economy to the tune of 2.7 percent GDP growth between June 2016 and June 2017 – amongst the most ambitious forecasts by government ministers to date.
