Greek economy has already exited the enhanced surveillance regime

Greek economy has already exited the enhanced surveillance regime

The Greek economy has already emerged from the situation of reinforced surveillance imposed by the European Commission, after asking for financial aid 12 years ago, on a day that the Government considered historic for the Greek people.

“A clear new horizon of growth, unity and prosperity is emerging for all,” said Prime Minister Kyriakos Mitsotakis.

The European Commission’s decision not to renew the enhanced surveillance regime for Greece was officially communicated to the Government of Athens on 2 August.

“As a result of Greece’s efforts, the resilience of the Greek economy has improved substantially and the risks of side effects in the eurozone economy have significantly decreased”, justified the commission at the time.

Greece requested the intervention of the European Union, the European Central Bank and the International Monetary Fund (IMF) in 2010, given the failure of its public finances.

Since then, it has benefited from three financial assistance plans amounting to 289 billion euros.

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Source: Jornal i by ionline.sapo.pt.

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