“Until today, despite the unprecedented, multi-level crises and the new pan-European and international challenges, we have proved, citizens and state, that we can succeed”, says the Minister of Finance
“A major national goal has been achieved: Greece is returning, after 12 years, to European normality“, says the Minister of Finance in his statement, Christos Staikourasfor the exit of the country from its regime Enhanced Supervision. At the same time, it lists the benefits resulting from the specific event.
In particular, the minister stated the following:
“Achieving yet another great national goal is a fact. A few days ago, in a letter to the Greek Minister of Finance, the Executive Vice-President of the European Commission, Valdis Dombrovskis, and the Finance Commissioner, Paolo Gentiloniconfirmed the exit of Greece from the Enhanced Surveillance regime on August 20, pointing out that our country implemented the bulk of the policy commitments it had undertaken towards Eurogroupthat it implemented effective reforms – despite the adverse conditions caused by the health and, more recently, the geopolitical crisis – and that thus significantly strengthened the resilience of its economy.
With this development, together with the early repayment of loans from the International Monetary Fund and the lifting of capital restrictions, a difficult chapter for our country closes – after 12 years. Greece returns to European normality and ceases to be an exception in the eurozone. This achievement is the fruit and recognition of the great sacrifices of Greek society, of the economic policy of the government and more broadly of its reform work.
The country’s exit from Enhanced Supervision has multiple benefits:
- It strengthens the position of Greece in the international markets.
- It provides an additional boost to its growth potential and investment attraction.
- It grants degrees of freedom in the exercise of economic policy, within the framework of course of the existing rules that apply to all European member states.
- It brings closer the achievement of the last goal we have set, that of the recovery of the investment grade.
Until today, despite unprecedented, multi-level crises and new pan-European and international challenges, we have proved, citizens and state, that we can succeed. We set goals and with planning, unity, determination, confidence in our abilities and hard work, we conquer them! We are making our country stronger in all aspects.”
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