Greece is returning, after 12 years, to European normality, Finance Minister Christos Staikouras emphasizes in his statement, on the occasion of Greece’s imminent exit from the Enhanced Supervision regime, speaking of the achievement of a major national goal.
More specifically, Mr. Staikouras notes:
“The achievement of yet another great national goal is a fact.
A few days ago, in a letter to the Greek Minister of Finance, the Executive Vice-President of the European Commission Mr. Valdis Dombrovskis and the Commissioner for Economy Mr. Paolo Gentiloni confirmed the exit of Greece from the Enhanced Supervision regime on August 20, pointing out that the country it has delivered the bulk of its policy commitments to the Eurogroup, that it has effectively implemented reforms – despite adverse conditions caused by the health and, more recently, geopolitical crises – and that, in so doing, it has significantly strengthened the resilience of its economy.
With this development, together with the early repayment of loans from the International Monetary Fund and the lifting of capital restrictions, a difficult chapter for our country closes – after 12 years.
Greece returns to European normality and ceases to be an exception in the Eurozone.
This achievement is the fruit and recognition of the great sacrifices of Greek society, of the Government’s economic policy and more broadly of its reform work.
The country’s exit from Enhanced Supervision has multiple benefits:
It strengthens the position of Greece in the international markets.
It provides an additional boost to its growth potential and investment attraction.
It grants degrees of freedom in the exercise of economic policy, within the framework of course of the existing rules that apply to all European member states.
It brings closer the achievement of the last goal we have set, that of the recovery of the investment grade.
Until today, despite the unprecedented, multi-level crises and the new – pan-European and international – challenges, we have proved, citizens and state, that we can succeed.
We set goals and with planning, unity, determination, confidence in our abilities and hard work, we conquer them!
We are making our country stronger in all aspects”, concludes the Minister of Finance.
Source: Capital
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