Merkel on official end of Greek bailout: A good example of European solidarity

21 August 2018
114 Views

Angela Merkel was among the last, but the most prominent, European leader on Monday to comment on Greece’s official exit from the third (and last) memorandum bailout, with the powerful German chancellor referring to a “good example of European solidarity.”

In a written statement, Merkel also cited what she called the achievements of the Greek economy, saying growth has returned to the recession-battered country and investments are again on the rise.

She also reminded of similar “successes”, as she noted, with other Eurozone members requiring an adjustment program, i.e. Ireland, Spain, Portugal and Cyprus – all of which were rescued with one bailout, to Greece’s three.

“Until 2022 Greece wants to achieve a primary budget surplus of 3.5 percent of GDP, and to meet European fiscal rules … The successful completion of the ESM program marks a significant step for Greece, which in the future will be funded again by its own means,” her statement read.

You may be interested

JOKER results: 23/09/2018
GREECE
shares27 views
GREECE
shares27 views

JOKER results: 23/09/2018

Panos - Sep 23, 2018

The winning numbers from the JOKER draw are as follows:

Lotto results: 22/09/2018
GREECE
shares38 views
GREECE
shares38 views

Lotto results: 22/09/2018

Panos - Sep 22, 2018

The winning numbers from the Lotto draw are as follows:

EU27 tell May “mild Brexit” not an option
POLITICS
shares48 views
POLITICS
shares48 views

EU27 tell May “mild Brexit” not an option

makis - Sep 21, 2018

Theresa May’s proposed new economic partnership with the EU “will not work”, the head of the European Council has said.…

Leave a Comment

Your email address will not be published.