Commission’s Costello in Athens: Greek GDP growth should reach 3.5 to 4% annual
European Commission mission chief for Greece Declan Costello on Wednesday repeated the EU executive’s message of staying on the “reform path”, speaking in Athens at a conference organized by the Commission’s representation office and the Athens-based Foundation for Economic & Industrial Research (IOBE).
Costello said the “start-stop” phenomenon has plagued reforms in the country, and is the reason that has kept Greece in the clutches of an economic crisis over the past eight years, when other bailed-out Eurozone member-states returned to growth and fiscal well-being.
Putting his message into “numbers”, the Commission representative said Greece’s current 2 percent GDP growth rate should increase to 3.5 to 4 percent in the coming period.
You may be interested
Greek real estate market still strong despite Covid-19 pandemic, report showsPanos - Jul 29, 2021
The Greek real estate market is demonstrating resilience in 2020 despite the fact that the pandemic had an overall negative impact on the…
Vaccinated travellers entering the UK from EU and USA will not be quarantinedPanos - Jul 29, 2021
Fully vaccinated travellers entering the UK from the European Union and the United States will not need to be quarantined…