Mitsotakis in Pieria: Greece Now Borrows Cheaper Than France as Unemployment Hits 25-Year Low - iefimerida.gr

Mitsotakis in Pieria: Greece Now Borrows Cheaper Than France as Unemployment Hits 25-Year Low

Kyriakos Mitsotakis
Kyriakos Mitsotakis
ANTHEE CARASSAVA

Prime Minister Kyriakos Mitsotakis has wrapped up a tour of the Pieria regionin Katerini, touting Greece's economic turnaround while warning against election-season spending promises he called unsustainable.

Mr. Mitsotakis said Greece now borrows more cheaply than France and Italy, noting Greek bond yields stand at 4.5% compared with France's 4.9% amid political turmoil in Paris as President Emmanuel Macron's tenure nears its end.

ΤΟ ΑΡΘΡΟ ΣΥΝΕΧΙΖΕΙ ΜΕΤΑ ΤΗΝ ΔΙΑΦΗΜΙΣΗ

"Markets recognize that this government has a plan, a program, and knows how to steer the country through turbulent waters," he said, adding that fiscal stability remains the foundation of his economic policy.

Addressing Wednesday's unemployment figures, which fell to 7.4% — the lowest in 25 years — Mr. Mitsotakis said declining joblessness strengthens workers' bargaining power for higher wages.

He also pledged to "exhaust every possible margin" to help households and small businesses through a difficult winter driven by the energy crisis, while cautioning against what he called reckless spending pledges ahead of elections.

"We must explain how collective wealth becomes individual prosperity," he said.

Mr. Mitsotakis defended Greece's EU engagement, referencing past criticism over "blue letters" to Brussels that he credited with securing Recovery Fund financing and reshaping European migration policy.

ΤΟ ΑΡΘΡΟ ΣΥΝΕΧΙΖΕΙ ΜΕΤΑ ΤΗΝ ΔΙΑΦΗΜΙΣΗ

He also previewed next week's visit to Athens by U.S. Secretary of State Marco Rubio, calling it evidence of Greece's growing diplomatic weight.

Marking New Democracy's 52nd anniversary this week, Mr. Mitsotakis invoked party founder Konstantinos Karamanlis, closing with an appeal to voters ahead of elections expected in 2027: "If you agree with most of what we say, then we deserve your trust."

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