iefimerida
The governor of the Bank of Greece has warned that calling early elections during a period of active warfare would be a grave error, as he laid out a sweeping agenda for European economic reform in the face of mounting inflationary and geopolitical pressures. Speaking on Parapolitika 90.1 FM, Giannis Stournaras said Greece's political stability was an asset that should not be squandered. "The country is an example and the economy is doing very well — what reason would there be to hold elections now?" Mr. Stournaras said, describing any move toward early polls as a "huge mistake" in the current environment of active military conflicts. The governor warned that Europe faces a new and more complex inflation threat shaped by the cumulative weight of the pandemic, the war in Ukraine, trade tariffs and deepening geopolitical tensions, all of which have left significant economic damage across the continent. To navigate this environment, Mr. Stournaras called for Europe to pursue joint debt issuance, strengthen its defense capacity, accelerate the green transition and invest heavily in new technologies. The goal, he said, was to emerge from the current crisis with a more resilient and competitive economic model once the wars subside and conditions return to normal. His remarks reinforce a broader push among European central bankers and policymakers for deeper economic integration at a time when the continent faces simultaneous pressures from energy volatility, defense spending demands and slowing growth. Mr. Stournaras has previously warned that the current inflation episode could prove harder to manage than the 2021-22 price surge, given that households and businesses now carry fresh memories of double-digit price increases and are likely to react more sharply to any new inflationary signals. Διαβάστε περισσότερα στο iefimerida.gr
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