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.
Tagged under
Related items
- Lamia: 63 cases of food poisoning from school lunches
- Higher global temperatures causing Caretta turtles to lay eggs sooner
- Mitsotakis: If North Macedonia does not respect the Prespa Agreement, their path to the EU will remain closed
- EU Commission sees Greece's growth rate at 2.2% in 2024 and 2.3% in 2025
- Menidi: Forty year old woman stabbed by enstranged husband in the middle of the street - Police on manhunt
Latest from E.Tsiliopoulos
- Lamia: 63 cases of food poisoning from school lunches
- Higher global temperatures causing Caretta turtles to lay eggs sooner
- Mitsotakis: If North Macedonia does not respect the Prespa Agreement, their path to the EU will remain closed
- EU Commission sees Greece's growth rate at 2.2% in 2024 and 2.3% in 2025
- Menidi: Forty year old woman stabbed by enstranged husband in the middle of the street - Police on manhunt