Brussels praised Greece’s efforts to ensure economic growth and increase the country’s competitiveness.
Greece has officially withdrawn from the EU’s external financial supervision system, the so-called enhanced economic supervision, which has been in place for 12 years. This was announced yesterday by the head of the country’s government, Kyriakos Mitsotakis.
He called August 20, 2022 “a historic day for Greece and all Greeks.”
function news4490202() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4490202&lang=2&IsAjax=true’, function (data) { $(‘#nk4490202’).html(data); });
}
news4490202();
The release of Greece from enhanced EU supervision was approved yesterday not only by the finance ministers of the eurozone countries, but also by the EU Commissioner for Economics, Paolo Gentiloni. He praised the efforts of the Greek people and their government to ensure economic growth and increase the country’s competitiveness.
“Today, Greece is closing a difficult chapter in its long and glorious history,” Gentiloni said, adding that Greece’s achievements were all the more commendable because they were achieved in a crisis due to the COVID-19 pandemic. and Russia’s invasion of Ukraine.
In this regard, Mitsotakis emphasized that even without EU supervision, the mistakes that led to a severe financial crisis in Greece in recent years should not be repeated. On the one hand, there will be wage increases and tax cuts, on the other hand, this should not weaken efforts to maintain financial stability, warned the Prime Minister of Greece.
As you know, Greece experienced a severe financial crisis that started in 2010 with the debt crisis. Consequently, under pressure from its creditors, the country was forced to implement austerity measures. Greeks lost about 25% of their income.
In August 2018, Greece successfully completed its third external macro-financial assistance program. And now, as Greek Finance Minister Christos Saikouras said the other day, the country is returning to European standards and is no longer an exception in the eurozone.
Source: Deutsche Welle Russian Service
News from Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.