Mitsotakis Government in Greece Boosted the Golden Visa Program

Updated: 9 July 2021

Elections in Greece have caused some people to question whether the support of the cabinet would go on for the Golden Visa programs per usual. Experts of investment are calling for the continuation and even a boost to the Greece Golden Visa opportunities of the country according to the Chinese news network Xinhua. Chinese are well known for their interest in Greek Golden Visa programs thus it seems like there is a huge pressure on the new cabinet to actually support these programs further. 

Greek Economy Was Already Developing

Panagiotis Petrokis, a professor of economics at the National and Kapodistrian University of Athens says that the economy of Greece has already been under development in the last two years. He further comments that although the development is slow and is not on par with some other European countries, it is certainly at a certain acceptable European level. However, Petrokis does note that the growth of the Greek economy slowed down in the first quarter of 2019 to 1.3%. This is certainly a fall from 2.1% and 1.5% we have seen in the previous two economic quarters.  

The New Government Must Support Investors

Petrakis’s solution to this decline in economic growth is to make the new government act fast and support the investors who are interested in the Greek market. The Mediterranean country already receives a lot of foreign investors mostly to its real estate market and tourism industry, yet things can be improved. An easier legal path for the investors as well as certain government reforms to make investing in general easier are all among the commonly debated solutions. Although significant economic outcomes of the foreign investments are all too easy to notice in Greece, this success must be made long-lasting by the new government.

Inaction Could Cause Problems for the New Government

An issue that is easy to observe in the last few governments of Greece is the inaction of governments when it comes to problems that actually matter such as taxations and government reforms. A lot is expected of this new government in Greece and they have promised a lot as well, yet things can always turn out a little less favorable than what they were supposed to be like in politics. As long as the newly elected government of Greece realizes that there is still a long way to go for a stable economy for Greece, and acts according to it, it can do some real good for the Greek economy.

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