The performance of the Greek economy was assessed positively through the 12th Enhanced Surveillance Report, at today's Eurogroup meeting, as stated in a statement by Minister of Finance, Christos Staikouras, while emphasizing that «once again, all participants recognized the immediate, targeted, and effective government response to address the impact of the health crisis on households and businesses.».
The Minister of Finance also pointed out that «despite the adverse conditions caused by the pandemic and the devastating fires of the summer, the further promotion and implementation of important reforms and structural changes was welcomed.».
He noted that «it is particularly important that The Eurogroup expressed its satisfaction with Greece's intention to proceed with early repayments of the balance of its loans to the IMF, as well as a significant amount of its bilateral loans to euro area countries., which were concluded in 2010 as part of the first fiscal adjustment program.
Early repayments which, as emphasized, will be beneficial in many ways for Greece's public finances.»
«These positive developments are in addition to today's announcement by ELSTAT, which shows that Our country's GDP increased by 13.41% in the third quarter of 2021, compared to the same quarter in 2020.
The best European performance, as the average European term to date falls short of 4%,» Mr. Staikouras emphasized. More specifically, the Minister of Finance stated:
«At today's Eurogroup meeting, among other things, the progress of the Greek economy was discussed and positively assessed in the 12th Enhanced Surveillance Report.
Once again, all participants acknowledged the government's immediate, targeted, and effective response to address the impact of the health crisis on households and businesses.
Despite the adverse conditions caused by the pandemic and the devastating fires of the summer, the further promotion and implementation of important reforms and structural changes was welcomed.
Progress has been certified in simplifying the licensing process for investments, privatizations, the management of state-owned enterprises, social welfare, public administration, the land registry, and property taxation.
It was pointed out that the implementation of reforms and investments in the context of the National Recovery and Resilience Plan is expected to provide a significant boost to growth and serve as a springboard for strengthening the green and digital transition.
As a result of the above, a decision was made to disburse the sixth package of Greek debt relief measures, amounting to €767 million.
In terms of level, GDP stood at €46.4 billion in the third quarter of 2021, the highest domestic performance in the last decade!
All of this confirms the strong recovery of the Greek economy.
Most likely, stronger than previous estimates.
A recovery which, despite multiple challenges and difficulties, we can all together—the state, households, and businesses—ensure will be followed by high, sustainable, and socially just growth.».
