“The best days of the Greek economy are ahead,” the prime minister said. Kyriakos Mitsotakis coming to European Council.

Referring to the increase interest ratessaid he was also putting pressure on Greek borrowers, but assured that “the Greek banking system is strong and that their deposits are protected.”

“The main topic of the European Council in March will be issues related to the competitiveness of the European economy.

Greece is approaching this debate from a much stronger position compared to where it was in 2019. In the context of rapid economic growth, falling unemployment, public debt as a percentage of GDP is falling at the fastest pace in the entire European Union and in our country, at present, be the champion in relation to historical statistics for attracting foreign investment.

This allows the Greek government to continue to support our weaker fellow citizens in the face of imported precision, but also makes us more optimistic that the best days of the Greek economy are yet to come.

Of course, Europe faces a number of serious economic problems. I’m not just talking about the imported precision that is the result of the unprovoked Russian invasion of Ukraine, I’m also referring to the problems associated with high interest rates, the increase in interest rates that the European Central Bank deems necessary to contain inflation.

We know that this increase in interest rates is also putting pressure on Greek borrowers as it forces them to allocate a large portion of their disposable income to their lending services.

But I want to emphasize that the other side of the coin, the progress that we have made in recent years, is that our banks are now strong. And in the face of the global financial storm that has erupted in recent weeks, I want to reassure all Greek depositors that the Greek banking system is strong and that their deposits are protected.

And of course, as Greece continues to make progress and finally achieves the coveted investment rating, we can expect the cost of borrowing for Greek businesses, for Greek households, for the Hellenic Republic to also come down, and also as a result of which we are not so dependent on any increase in interest rates set by the European Central Bank.”