PM Mitsotakis: Greece's economy on irreversible path to recovery

23:06 21/10/2024 - Πηγή: iEfimerida

Prime Minister Kyriakos Mitsotakis in a speech at the National Gallery focused on productive transformation, boosting investments and industrial growth to create new jobs across Greece, emphasized that the country's economy is on a definitive and irreversible path to recovery.

Mitsotakis noted that the Greek economy now consistently produces primary surpluses. He highlighted that although his government

inherited a significant public debt, it has been reducing it at one of the fastest rates in Europe.

He pointed out that public revenues are increasing despite reductions in taxes and contributions. He also mentioned that the banking sector has been restructured to effectively support the financing of the real economy. Regarding the external deficit, he stated that it is decreasing, a trend reflected in the recovery of Greece’s investment grade and the growing confidence of foreign institutions and markets. Mitsotakis remarked that this is evident in the declining borrowing costs for the country and the performance of Greek bonds.

“All of these achievements are the result of systematic work over five years, positioning Greece as a model for Europe. It is an economy that has succeeded in achieving what is not easy: combining fiscal discipline and primary surpluses with dynamic growth that significantly exceeds the European average. And all of this has been accomplished under conditions of political stability, with predictable electoral cycles and a government that has proven its ability to implement policies reliabl,.” he said.

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