Mitsotakis’ Eden, the new meeting between Stassi and Payat and the retroactive pensions – Economic Post

Quiz

Low difficulty quiz: Who owns the phrase “I know well that inflation eats away at some incomes and this good run of the economy is not felt by everyone”! You got it right. To the Prime Minister Mr. Kyriakos Mitsotakis. Who, if nothing else, has also been distinguished for his accurate findings. No one catches him! In the findings…

Joys

Which observation accompanies his joy over the credit upgrade of S&P, which took place last Friday. It is the first and several others will follow – from other credit organizations – until the end of the year. S&P moves in the opposite direction of Moody’s. With the second refusing to provide the coveted investment tier. And Moody’s appointment with the Greek economy is on September 13 – then it will give its next assessment. And we will see her predictions!

As you go…

But let’s stick to S&P, whose assessment brought smiles to the financial staff and the Maximos Palace – in fact, the Minister of National Economy and Finance, Mr. Kostis Hatzidakis, vented his grief by saying characteristically that “we are overcoming the small-minded criticism and moving forward with speed and determination” ! And what does the American credit rating agency say? He says things are going well and will get even better if fiscal discipline, reforms and primary surpluses continue! That’s all….

In Eden!

Now otherwise Mr. Mitsotakis in his weekly review on fb “shares” green growth – the Europeans have gone “crazy” with him and I even see him a little

to be claimed by the green group of the European Parliament – ​​Easter “baskets” and fines for the violators! If a foreigner were to read these weekly reviews of the prime minister, he would think that Greece is a short distance away from becoming … Eden!

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Mr. George Stassis

For the second time in two months, the president and CEO of PPC, Mr. Giorgos Stassis, is traveling to Washington.

This time he is invited to speak at the annual conference of CSIS, the American non-profit organization specializing in international strategy and security issues. The Center for Strategic and International Studies organizes the “2024 Energy Security and Geopolitics Conference”.

The first visit took place in February, when the Greek CEO also met with Mr. Jeffrey Pyatt, US Undersecretary for Energy.

And the subject of the talks was the expansion of PPC in the Balkan region, and as is well known, the USA shows a special interest in the energy sector of Southeast Europe.

Mr Geoffrey Pyatt

CSIS was born in 1962 during the Cold War with the goal then of finding ways for the US to survive as a nation and for American citizens to prosper.

Today CSIS employs 250 staff and is networked around the world.

The conference, which I mentioned above, will be held tomorrow, Tuesday, April 23, and the main speakers will be, apart from Mr. Stassis, and Mr. Payat.

And as I learn, the former US ambassador to Greece shows particular interest in PPC’s movements in the Balkans, while a relationship of trust is being built between them. Between Mr. Payat and Mr. Stassis….

PPC executives

A large number of representatives of the political and economic world of the USA and think tanks will attend the proceedings of the conference.

The interesting thing is that panels have been set up with the participation of PPC executives. The deputy managing director of Digital & Innovative Services, Mr. Alexandros Paterakis, the general director of Strategy, Ms. Elena Giannakopoulou, and the management consultant for climate change issues, Mr. Andrei Covatariu.

And the speakers will develop their reflections on the developments of the last two years in Europe and energy security, specifically how energy policy shapes geopolitical decisions and vice versa.

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Final straight

A long-running legal battle concerning pension cuts during the economic crisis, as well as the right to return to pensioners part of these cuts, entered the final stretch. Within the next few months, the Supreme Special Court will decide whether the 350,000 pensioners who have appealed to the Court will immediately receive their 13th and 14th pensions (the Christmas-Easter gifts and summer allowance), as well as their supplementary pension cuts. The decision will only concern the eleven months June 2015 – May 2016 and not the total period for which they have appealed.

The total cost of a similar decision reaches 500 million euros.

Extension

However, if the government decides to extend its application to all pensioners (2,500,000), the cost of performance of retroactives reaches 2.5 billion euros.

The matter was taken to the Supreme Special Court following the conflicting judgments of the two high courts. The Supreme Court ruled unanimously that the cuts to the private sector’s supplementary pensions are constitutional, while the Council of State has taken the opposite decision.

The closing of a circle

Therefore, the Supreme Special Court is called upon to resolve this issue.

Whatever the Supreme Court’s decision, it is certain that its issuance will end a years-long legal adventure by thousands of pensioners who have taken to court to claim a share of the money they lost during the financial crisis.