“Our country, after 12 years, returns to European normality and ceases to be the exception in the Eurozone”, emphasizes, among others, the Minister of Finance Christos Staikouras on the occasion of Greece’s exit from the regime of enhanced supervision.
As the minister characteristically points out, “as of today, Greece is, and officially, outside the Enhanced Supervision regime. A regime it had entered, alone in Europe, in 2018. Our country, after 12 years, returns to European normality and ceases to be the exception in the Eurozone. A key national goal achieved!”
The Minister of Finance specifically notes:
This important achievement is a fruit and recognition:
• the great efforts and enormous sacrifices of the Greek citizens,
• the significant efforts of the economic, social and political structures of Greek society,
• the correct, responsible, reliable and – as has been recognized internationally – effective economic policy of the Government of the New Republic.
This development has multiple benefits for the country:
• Closes, in combination with the early repayment of loans from the International Monetary Fund and the lifting of capital restrictions, a painful chapter for Greece.
• Strengthens the country’s position in international markets.
• It provides an additional boost to the development dynamics of our country and the attraction of investments.
• It grants degrees of freedom in the exercise of economic policy, within the framework of course of the rules that apply to all European member states.
• It demonstrates the dynamics that the Greek economy has acquired since, despite the unprecedented external difficulties, the country is achieving the goals it sets.
In his statement, Chr. Staikouras concludes:
“Thus, the achievement of the last major goal, which is the recovery of the investment grade, comes closer, after the 11 upgrades of the Greek economy in the last three years. We continue, with determination, plan and confidence in the capabilities of our country, but also full awareness of the challenges before us. We must continue in a climate of creation, with prudence and hard work, in order to make Greece stronger in all aspects and its economy more dynamic, productive, extroverted and socially just”.
Source: Capital
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