Greek Prime Minister Kyriakos Mitsotakis in a speech at the National Gallery focused on productive transformation, boosting investments and industrial growth to create new jobs across Greece, emphasized that the country’s economy is on a definitive and irreversible path to recovery, ANA reports.
Mitsotakis pointed out that the Greek economy now consistently produces primary surpluses. He highlighted that although his government inherited a significant public debt, it has been reducing it at one of the fastest rates in Europe.
He noted that public revenues are increasing despite reductions in taxes and contributions. He also mentioned that the banking sector has been restructured to effectively support the financing of the real economy. Regarding the external deficit, he stated that it is decreasing, a trend reflected in the recovery of Greece’s investment grade and the growing confidence of foreign institutions and markets. Mitsotakis remarked that this is evident in the declining borrowing costs for the country and the performance of Greek bonds.
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