Mitsotakis keen to reform Greece whilst keeping EU fiscal targets

Klaus Reglung and Mitsotakis

Klaus Reglung and Mitsotakis

Greece’s Prime Minister Kyriakos Mitsotakis on Tuesday met with Managing Director of the European Stability Mechanism (ESM), Klaus Regling at Maximos Mansion.

During their meeting the Prime Minister stressed the importance of stimulating economic growth and investment incentives through a series of reforms whilst respecting the fiscal targets set by the EU.

Regling congratulated the Greek PM on his electoral victory, and stressed that the ESM is Greece's long-term partner and willing to help the government in its efforts to boost competitiveness and sustainable long-term growth.

Both Mitsotakis and Regling underlined their joint commitment to continued and constructive cooperation in a climate of mutual trust.

The reform drive of the new government to stimulate the business environment and investment climate is welcome," European Stability Mechanism (ESM) Managing Director Klaus Regling said on Tuesday at the Economist conference.

"Although the government has just been elected and details remain to be seen, what is currently known seems promising to the extent that the country respects the established surveillance framework and its programme commitments," he added.

Referring to his meeting with the new Finance Minister Christos Staikouras on Monday, Regling said the Minister assured him “that the new government is committed to achieving sustainable long-term growth and that the agreed fiscal targets will be respected when the 2020 budget is put together. This is promising for the future of the Greek economy. We are looking forward to working together with the Greek government on this common goal," he underlined.