Greece’s Ministry of National Economy and Finance signals readiness to intervene over Middle East shock and confirms tax reform implementation

Greece’s Ministry of National Economy and Finance published an interview with Deputy Minister Giorgos Kotsiras outlining the government’s fiscal stance amid the Middle East crisis, saying developments are being closely monitored and that intervention tools are available if a “real need” emerges. The update also reiterated that the planned tax reform will proceed as scheduled. Kotsiras described the crisis as uncertain and duration-dependent, and indicated that the authorities do not yet see grounds for intervention. On domestic conditions, he said there is no issue of goods sufficiency and that controls are under way to address any speculation. On tax measures, the release pointed to higher net monthly earnings for employees and pensioners due to changed withholding tax, with larger increases for families with children and young people, and to further relief via tax returns including reduced living presumptions for almost 500,000 citizens, incentives for renting out previously closed properties or shifting short-term lets to long-term leases, and a 50% cut in imputed income for freelancers in small regional settlements.