In a recent address at the National Gallery, Greek Prime Minister Kyriakos Mitsotakis outlined the government’s commitment to productive transformation, investment growth, and industrial expansion aimed at creating new jobs across Greece. He asserted that the country’s economy is firmly on a path to recovery, as reported by ANA.
Mitsotakis emphasized that the Greek economy is now consistently generating primary surpluses. He acknowledged that while his administration inherited a substantial public debt, it has managed to reduce this debt at one of the fastest rates in Europe. The Prime Minister noted that public revenues are rising even in the face of tax cuts and reduced contributions.
Additionally, Mitsotakis highlighted the restructuring of the banking sector, which has been designed to better support the financing of the real economy. He pointed out that Greece’s external deficit is decreasing, a trend that is contributing to the nation’s recovery of investment grade status and increasing confidence from foreign institutions and markets.
“This is evident in the declining borrowing costs for our country and the strong performance of Greek bonds,” Mitsotakis stated, reinforcing the notion that Greece is moving forward on a stable economic trajectory.