George Stathakis

Economy Minister George Stathakis confirmed on Thursday that he is the Greek minister who failed to report a million euros of income to Greek Parliament’s Audit COmmittee for the Declaration of Assets.

Economy Minister George Stathakis  is expected to release statement to answer on undeclared assets worth over a million euro.

Economy Minister George Stathakis is believed to be the minister who did not declare a million euros worth of assets to the auditors of Greek Parliament for the last three years.

Economy Minister George Stathakis is believed to be the minister who did not declare a million euros worth of assets to the auditors of Greek Parliament for the last three years. The same sources state that prior to the September 20 elections, he had tried to “tidy” up his assets declaration with an additional statement.

Greece’s recession is predicted to be at 1.5% in 2015 instead of 2.5%, said Economy Minister George Stathakis when addressing Greek Parliament in a debate on the government policies on Wednesday. He argued that the lowering from 2.5% was due to the higher-than-anticipated revenue from tourism and the less-than-expected repercussions from capital controls.

The race against time is on for the Radical Left Coalition (SYRIZA) to reboot the Greek economy. Economy, Development and Tourism Minister George Stathakis told newspaper Efimerida ton Syntakton that the Greek economy will definitely be restarted before summer, maybe in the first three months of 2016. “All indications are positive for the growth that have been squeezed in the last period.”

The Radical Left Coalition (SYRIZA) is readying its new government following the party’s recent election triumph – for the second time this year after its first election win on January 25.

“White smoke clouds” of peace emerged from the meeting between the Greek government and creditors, signaling that an agreement is near.
The marathon meeting on Sunday ran for 12 hours with both sides agreeing to a text for the deal at around 3.30 a.m. (local time).

Athens talks with the four institutions (EC, ECB, ESM and IMF) are at their most crucial stage. Finance Minister Euclid Tsakalotos and Economy Minister George Stathakis concluded negotiations with Greece’s quartet of creditors on Wednesday afternoon, however there are still a number of differences, such as the issue of the minimum wage.

Finance Minister Euclid Tsakalotos and Economy Minister George Stathakis are continuing their meetings with Greece’s quartet of creditors from the European Commission (EC), European Central Bank (ECB), International Monetary Fund (IMF) and European Stability Mechanism (ESM). The goal is to surpass obstacles by August 11 for a positive recommendation on a new multi-billion-euro loan for Greece.