Extremely positive reports on the Greek economy and its achievements in recent years include the article by the correspondent of the German Journalism Network (RND) in Athens, Gerd Heller, who speaks of a “Greek economic miracle”. As he notes, “eight years ago, Athens was on the brink of bankruptcy. Today Greece is one of the champions in developing countries in Europe thanks to reforms and political stability”.

With the Greek economy on a steady upward trajectory, the monthly business sentiment index rose to 111.1 points in July. “The climate could hardly be better,” Heller writes, adding that “there is euphoria in Greece.”

Praising the economic management of the Mitsotakis government during the last four years, the journalist also emphasizes that “the policies of the conservative prime minister are business-friendly, but at the same time they also have a strong social sign”.

“Mitsotakis relieved workers by reducing income taxes and social security contributions and gradually increasing the minimum wage from 650 to 780 euros. As of 2019, the number of jobs increased from 2.2 to 2.6 million, while the unemployment rate decreased from 17.3% to 11.1%. The above progress was rewarded by the voters in the recent elections as well. […] Thus Greece, which was once considered impossible to govern, is today one of the most politically stable states in the EU.” he adds himself.

Regarding the long-awaited return of Greece to investment grade, Heller explains that “something like this would not only improve the refinancing possibilities of the Greek state, but would also make it easier for Greek businesses to borrow on more favorable terms and invest more money. This is the key to the sustainable return of the former crisis country.”

“Investments increased strongly during the Mitsotakis government, but constituting 14% of GDP, they are still far below the European average of 23%,” concludes the correspondent.