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Mitsotakis on Commission report: 'Official end to all surveillance for Greece'
🇬🇷 Greece /Economy & Trade

Mitsotakis on Commission report: 'Official end to all surveillance for Greece'

From Ta Nea · () Greek

Translated from Greek, summarized and contextualized by DistantNews.

At a glance

News Official statement Outcome reported
  • Greek Prime Minister Kyriakos Mitsotakis announced that the European Commission has removed Greece from its list of countries with "macroeconomic imbalances."
  • This marks the official end of 16 years of surveillance and a return to economic normality for Greece.
  • Mitsotakis stated this achievement is the result of collective effort and forms the foundation for better wages, pensions, job creation, and reduced public debt.

Greek Prime Minister Kyriakos Mitsotakis declared that Greece has officially exited the European Commission's list of countries with "macroeconomic imbalances," signaling the end of 16 years of intense surveillance.

The European Commission announced today that Greece is now off the list of countries with 'macroeconomic imbalances.' This means the official end of all surveillance.

— Kyriakos MitsotakisAnnouncing Greece's exit from the list of countries under macroeconomic surveillance.

"This closes a negative chapter that opened 16 years ago, with our country fully restoring normality to its economy," Mitsotakis stated in a social media post. He highlighted that this development occurs while 10 other member states are now under supervision due to excessive deficits.

This closes a negative chapter that opened 16 years ago, with our country fully restoring normality to its economy. And, moreover, at a time when 10 other member states are placed under supervision due to excessive deficits.

— Kyriakos MitsotakisContextualizing Greece's achievement within the broader European economic landscape.

The Prime Minister emphasized that this achievement was not accidental but a culmination of the "hard work of citizens and the state." He described the development not merely as a technical finding but as the bedrock for building a better life. Mitsotakis explained that this economic stability allows for increased wages and pensions, fosters job creation through reforms, reduces public debt for the new generation, and gradually transforms collective growth into individual prosperity.

This development did not happen by chance. On the contrary, it encapsulates the hard work of citizens and the state. And it is not a technocratic finding. But the foundation upon which a better life is built.

— Kyriakos MitsotakisAttributing the economic recovery to collective effort and its foundational importance.

"With Europe's seal of approval, therefore, we are leaving behind the painful parenthesis that opened with the outbreak of the crisis," Mitsotakis added. He expressed confidence in Greece's future, noting that the journey continues with many more victories to achieve as the nation progresses with stability and perspective.

With Europe's seal of approval, therefore, we are leaving behind the painful parenthesis that opened with the outbreak of the crisis. Not just with relief. But with the self-confidence of a homeland that remembers where it started and now knows where it is going.

— Kyriakos MitsotakisReflecting on the significance of the economic milestone and the nation's future outlook.
DistantNews Editorial

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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