Bank of Greece Governor Yannis Stournaras expressed optimism to Bloomberg TV on Wednesday that Greece would regain investment-grade status soon after the newly elected government presents its policy statements.
This is AXIA's first assessment of the election result, which at the same time points out that with a strong parliamentary majority, the government is expected to move quickly on its agenda without obstacles, with the acquisition of investment grade at the forefront of its objectives and indeed with a strong the likelihood of reaching this goal sooner.
The next economic staff of the government is expected to dive straight into the "deep" (even if someone remains from the previous administration), as there are a number of critical issues, which will concern the Greek economy, until the end of 2023. What is certain is that any issues will be dealt with in the light of the restoration of fiscal rules from 2024, which were "relaxed" during the pandemic and will remain so until the end of 2023. After all, within the next period the Commission is expected to arrive at the new framework of the Stability and Development Program.