The Commission gave the green light for the disbursement of the next installment of 767 million euros, which is related to the 12th evaluation, with the Vice President Valdis Dobrovkis stating recently that “despite the challenges from the pandemic, Greece has made significant progress and the report will serve as a basis for the disbursement of the next tranche. “
In his initial statement, EU Commissioner Paolo Gentiloni described a strong growth scenario with strong uncertainty about the eurozone economy stemming from the triptych, pandemic, inflation and supply chain disruptions. In this context, the gradual withdrawal of support measures from the economies is characterized as critical.
We need a better focus of fiscal policy and not a tightening, said P. Gentiloni, noting that the budget deficit is projected from 7.1% of GDP this year to 3.9% of GDP in 2022 and 2.4% of GDP in 2023. “Debt is projected to slow down slowly from 100% of GDP to 97% of GDP in 2023.” Reducing debt in a growth-friendly way is not an oxymoron but will be a challenge, “he said.
.
