Feb 19 • 19:31 UTC 🇬🇷 Greece Naftemporiki

S. Famellos in Pagkrati: The government deceived small and medium enterprises and is now punishing them with closures

Sokratis Famellos criticizes the Greek government for misleading small and medium enterprises, claiming it is now punishing them with business closures.

During a recent visit to Pagkrati, Sokratis Famellos, the president of the left-wing political party SYRIZA, accused the Greek government of deceiving small and medium-sized enterprises (SMEs) and now enacting measures that lead to their closures. With a significant portion of the market struggling, Famellos underscored the critical need to support local businesses, asserting that the survival of Greek commerce is essential for the country's economy. He pointed out that without a thriving commercial sector, the overall economic health of Greece is jeopardized.

Famellos highlighted alarming statistics about the current state of SMEs, noting that over 80% of these businesses have reported a decline in revenue, with 40% experiencing drops exceeding 20%. He warned of a potential surge in business closures, especially in areas where nearly 50% of shops may shut down. Famellos' remarks reflect a growing concern within the Greek community about the sustainability of local commerce amidst economic challenges, particularly as the pandemic's long-term effects continue to unfold.

In response to these critical issues, Famellos proposed specific measures aimed at alleviating the burdens faced by entrepreneurs and consumers alike. He urged the government to take immediate action to prevent further deterioration of the business landscape, which if unaddressed, could lead to an escalation of unemployment and economic disarray. His advocacy for SMEs aligns with a broader campaign to enhance business support initiatives and develop strategies to revive the struggling economy of Greece.

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