He considers it possible chairman of Eurogroup her investment grade recovery within the 2023. Speaking exclusively to ERT and Rallou Alexopoulou, he emphasized that although the final decision belongs to the rating agencies, its recovery will contribute to the reduction of borrowing costs and the strengthening of investments.

“My main message is that because of the prudent decisions taken regarding the Greek economy and because of the sacrifices of the Greek citizens, I believe that such a goal is very possible. Its achievement will further help Greek society with investments in the coming years, making public debt even more secure, says Eurogroup president Pascal Donagiou.

After the pandemic, inflation is another challenge for the European economy with Pascal Doniahiou not failing to note that in Greece its rate is one of the lowest in the eurozone.

As he typically states: “We need to support our societies, but not in a way that will intensify inflationary pressures. Support measures which will be targeted and temporary. This is what your Government has done. We also need to help those on low incomes who are most affected by rising prices.”

With the debate on new fiscal rules in full swing, the Eurogroup president sees the possibility of a deal after the summer more likely. As he says: “Maybe it will come towards the end of the year. We have the Swedish presidency, we are working hard on it. I expect the work to continue in the Spanish Presidency. We’ll get there, we’ll come to an agreement. When we are done we will advise the states to prepare their budgets for next year.”

Aiming to make further progress in completing the banking union, Pascal Donahue noted that the issue will be discussed again at the next Eurogroup meeting at the end of April in Stockholm.