“Greece did it. Greece has turned the page,” Greek Finance Minister Christos Staikouras said on Friday.
“Greece did it. Greece has turned the page,” Greek Finance Minister Christos Staikouras said on Friday.
Speaking at the Economist event in Athens, Staikouras said growth results look stronger than expected, with the European Commission projecting economic growth to double the European average in 2022 and even higher in 2023.
Greece’s Finance Ministry said the composition of the country’s GDP has changed, citing the European Commission’s statement that Greece will lead among EU member states in attracting investment in the period 2022-2024, and will also record strong growth in high-tech exports. products.
He noted that the unemployment rate is falling to 2010 levels and employment is rising, while the banking sector has made huge strides in reducing bad loans and recording growth in deposits. At the fiscal level, he said the Commission noted that Greece had achieved the most significant fiscal adjustment, while the country’s public debt had fallen by 50 percentage points in three years and the government had promoted and implemented a number of significant reforms.
It is very important to continue a prudent fiscal policy, Staikouras said, stressing that public debt is stable and falling, but remains high, while the private debt of households and businesses is a big problem.
He reiterated the country’s seven priorities: strengthening liquidity in the real sector of the economy, continuing structural reforms, strengthening the banking sector, continuing efforts to reduce energy consumption and providing incentives for a new economic structure.
