Unprecedented fiscal adjustment says Stournaras
- Written by E.Tsiliopoulos
Greece has achieved an unprecedented fiscal adjustment, Finance Minister Yannis Stournaras said in a video taped message on the 15th Investment Forum Capital Link, on Tuesday.
"Greece is implementing the most challenging economic adjustment programme of modern history," Stournaras said adding that the country is entering an era of opportunity and will claim a significant place in the global economy.
Over the last seventeen months, the government has accelerated fiscal consolidation, improved competitiveness and implemented structural reforms in several sectors, he noted, while the primary deficit has declined by about 10 percent of GDP - the biggest and fastest ever recorded adjustment by an OECD economy.
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