Stournaras: Greece’s fiscal adjustment unprecedented

14:10 18/12/2013 - Πηγή: Matrix24

“Greece is implementing the most challenging economic adjustment programme of modern history,” Stournaras said adding that the country is entering an era of opportunity and will claim a significant place in the global economy.

Over the last seventeen months, the government has accelerated fiscal consolidation, improved competitiveness and implemented structural reforms in several sectors, he noted, while the primary deficit has declined by about 10 percent of GDP – the biggest and fastest ever recorded adjustment by an OECD economy.

Source: AMNA