Image default
Greek News

Official end for the enhanced surveillance for Greece after 12 years

“The Greek economy has recovered dynamically from the pandemic, due to strong domestic demand and tourism”, says the annual report of the European Stability Mechanism (ESM) for 2021, which was approved today in Luxembourg by the Council Summit.

In particular, the ESM report points out that Greece’s economic activity increased by 8.3% in 2021, effectively recovering the production losses recorded last year, due to the effects of Covid-19.

Households and businesses used accumulated savings to stimulate consumption and investment and tourism increased.

Due to rapid growth, the debt-to-GDP ratio fell to 193.3% of GDP from 206.3%.

See Also:

Syrians increasingly choosing to leave Turkey as xenophobia grows

“The European Commission will propose today the end of enhanced surveillance of the Greek economy”, said Economy Commissioner Paolo Gentiloni, attending the Eurogroup meeting in Luxembourg.

“This is an important step for Greece,” he said.

“If our proposal is approved, as I think it will be, it will be an important step in the right direction”, he said.

Σχετικα αρθρα

Which European Wines do Americans Love the most? (infographic)

admin

Optimism Slowly Returns to the Tourism Sector (infographic)

admin

Global 5G Adoption to Hit One Billion in 2022 (infographic)

admin

Large € 840 million investment with golf course approved in Saronida, Attica

admin

The Ukraine crisis shows how fragile our food systems are

admin

Twitter board unanimously approves Elon Musk’s $44B takeover bid

admin

Sakellaropoulos Organic Farms win 15 out of 15, the absolute 100% & 514 international awards

admin

Gazprom to cut off gas to Greece from tomorrow until June 27th

admin

The Washington Post: In energy-strapped Europe, coal gets a Greek encore

admin

Unemployment rate rises to 13.8% in Greece

admin

Farewell, Internet Explorer (infographic)

admin

Global Bear Markets: How Deep Is Your Loss? (infographic)

admin