Greek Prime Minister Kyriakos Mitsotakis emphasised Greece’s commitment to a coordinated reaction among the European Union’s 27 member states in response to the tariffs imposed by U.S. President Donald Trump.
Speaking at the opening of a meeting of the Governmental Economic Policy Council at Maximos Mansion, Mitsotakis stated, “Greece is ready to face these new challenges, fulfilling our commitments to our citizens while staying on the path of fiscal stability.”
The council convened to address Greece’s strategy regarding Trump’s tariffs, with Mitsotakis underscoring the importance of a united front. “Greece insists on a unified response so that we can be effective at the level of the 27,” he stressed, highlighting the need for solidarity within the EU to counter the economic pressures.
A Dual Challenge: Domestic and International Fronts
The meeting’s agenda focused on critical issues such as infrastructure, exports, and competitiveness, aiming to establish a clear timeline and goals to accelerate government initiatives and bolster political support. While domestic challenges appear manageable, the international landscape presents greater uncertainty. The EU, divided on this issue, has yet to provide a reliable safety net for smaller, less competitive economies like Greece.
Analysts note that a global trade slowdown could impact Greek exports, though the direct effect may be limited, as only 5% of Greece’s exports head to the U.S. However, the broader implications of international trade disruptions are a concern. To remain an attractive destination for investors amid such turbulence, Greece must hasten its reform efforts, experts say.
Looking Ahead
Though not officially on the council’s agenda, discussions are expected to delve into protective measures Greece may need to adopt. With global trade dynamics shifting unpredictably, the government is under pressure to safeguard its economy while navigating a fragmented EU response. For now, Mitsotakis’ administration is balancing fiscal discipline with proactive steps to shield Greece from the ripple effects of Trump’s policies.