Finance Minister presents six priorities of Greek economy to ESM's new head

Greek Finance Minister Christos Staikouras on Thursday presented the six priorities of the Greek economy amidst a turbulent geopolitical landscape, persistently high inflation, and tighter monetary policy, ANA reports.

In comments made during a meeting with visiting Managing Director of the European Stability Mechanism, Pierre Gramegna, Staikouras said these priorities were: safeguarding existing fiscal responsibility, dealing with the economic consequences of multi-layered crises by exploiting any available fiscal space, implementing structural changes, bringing forward the exploitation of Recovery and Resilience Fund's financing, addressing the problem of high, accumulated private debt and Greece's continued active participation, as it has been doing in the last 3.5 years, in the design of a new European economic architecture.

The Greek finance minister said that Greece completed early repayment of its loans from the International Monetary Fund, sending a positive message to markets, it successfully exited enhanced surveillance status, prematurely repaid bilateral loans with Eurozone states, and achieved the biggest reduction of public debt in the EU since 2019, with the general government's debt as a percentage of GDP falling by 50 percentage points in the last three years. He stressed that public finances returned to an environment of primary surpluses from this year, recording - according to the European Commission - the biggest fiscal improvement in Europe in the period 2021-2023. All these were the result of an efficient government policy and the common efforts of the citizens and the state since July 2019.

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