Greek Finance Minister: There will be no more recessionary measures

Completion of a review of the Greek programme was crucial for the course of the Greek economy, Economy Minister George Stathakis said on Friday.

Speaking to reporters, on the sidelines of a Black Sea Bank meeting in Chania, Crete, Stathakis said that completion of the review was completion of three big issues agreed with the country’s partners: Fiscal adjustment, stability of the banking system and a series of structural reforms.

This chapter is closed and obviously creating economic stability. Additionally, a success was that the first review was accompanied by a strong commitment on the debt issue,” Stathakis said, adding that everyone was expecting the economy to turn to positive growth rates. 

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