Greece's Prime Minister Kyriakos Mitsotakis speaks about high prices on Monday in his at the parliament.
"When we talk about price hike, we have to be precise. I will describe the objective reality, citing data from the Hellenic Statistical Authority (ELSTAT) and Eurostat, because the issue … requires pure truths," he said.
"The first truth is that there is a global price crisis. After the lockdowns, increased demand raised prices and inflation. For these reasons, and some others, energy prices have risen," he said, adding: "There is a lot of discussion among economists. The vast majority of them, and I consider it in a documented way, claim that the phenomenon will be temporary. Others believe that this phenomenon is attributed to fiscal easing. The ECB shares the first view, hence it does not raise interest rates, which could be a brake on growth."
Mitsotakis noted that this is not the first time we have had similar inflationary trends, and cited the European debt crisis in 2010-2011.
"And then the phenomenon proved to be temporary, so even now I think we will see a de-escalation of the phenomenon in the first quarter of 2022," he underlined.
"The total amount channelled for the support of workers and businesses is 680 million euros. This support as a measure of economic activity is one of the largest in Europe," the prime minister said.
"We are talking about a coherent and bold program that extends to all sectors, to every household throughout the country, which works to alleviate the increase in prices as it leads to an increase in disposable income," he added.
"The increase in the average income of Greek citizens in the last two years is 7.4 pct while the European average is at 3.5 pct," he underlined.
"All this is happening at a time when we are still fighting the coronavirus, at a time when we are facing national issues and we are dealing, I believe, successfully with natural disasters … The numbers for the reduction of unemployment are also important, where Greece is a leader in the reduction of unemployment at European level," he stated.