Staikouras: “In the unstable global environment, Greece has succeeded”

“In the unstable global environment, Greece has succeeded,” said the Minister of Finance, Christos Staikouras coming today to Eurogrouphighlighting the strong resilience and positive prospects of the Greek economy.

The Finance Minister’s full statement reads as follows:

“At today’s first Eurogroup for 2023, we had the opportunity to discuss the course of the European economies in the previous year, but also the challenges of this year. Great challenges, stemming from multi-layered crises and the high uncertainty that accompanies them. In this unstable global environment, Greece has succeeded.

The Greek economy is performing well, is proving to have strong resilience and has strong prospects. We have achieved a high rate of economic growth, twice the European average and it is estimated that this year we will have a rate of economic growth three times higher. We had record investment and exports in 2022 and the rate of investment growth is estimated to be the highest among all European countries until 2024. We had a significant reduction in unemployment and bad loans in bank books. We had significant fiscal stability and a huge reduction, unprecedented in European levels, of the debt-to-GDP ratio. We did it. We will continue on the same path, with a plan and fiscal responsibility, but keeping, maintaining and strengthening the cash reserves of the country. With tax reductions, with wage increases, with targeted measures to support households and businesses in these crises and by making full use of European funds, mainly those arising from the Recovery and Resilience Fund. We are working to achieve even higher sustainable growth, create even more jobs and strengthen social cohesion.”

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