“Greece has succeeded. Greece has turned the page,” the finance minister said in a statement. Christos Staikourasin a speech he gave at an Economist event.

In particular, the finance minister focused on seven points to document his position:

7 points of Christos Staikouras:

• We are exceeding growth expectations. The Commission is talking about doubling the European average in 2022 and even an increase in 2023.
• The composition of GDP has changed in terms of exports and investment, and the Commission believes that in the period 2022-2024. Greece will be the first to attract investments. At the same time, there is a strong growth in exports of high-tech products. At the same time, the country currently has six categories of exported goods that exceed 1% of GDP.
• Unemployment fell to 2010 levels, while employment rose.
• Enormous progress has been made in the banking sector: the number of overdue loans has decreased and the number of deposits has increased.
• At the fiscal level, the Commission notes that Greece has achieved the most important fiscal adjustment.
• There was a record reduction in public debt, by 50 points over a three-year period.
• A number of important reforms were proposed and implemented.

Mr. Staikouras then spoke about the volatile European environment (high energy prices, pressure on households, etc.) and emphasized the importance of continuing a consistent fiscal policy over the next four years. He said public debt is resilient and declining but remains high, while private debt of households and businesses is a big problem.

And he reiterated the seven priorities set by the country, such as strengthening liquidity in the real economy, continuing structural changes (basic healthcare, etc.), strengthening the banking sector by withdrawing public investment, maintaining efforts to reduce energy consumption and stimulating new economic composition. .