EU Commission Says it “Will Remain by Greece’s Side” One Year After Bailout Exit

21 August 2019
381 Views

The European Commission issued a statement on Tuesday on the occasion of the one-year anniversary of Greece officially exiting its bailout programs after its eight-year-long financial crisis.

”Today marks one year since Greece successfully concluded its European Stability Mechanism (ESM) stability support programme, which took a coordinated approach to tackling long-standing and deep-rooted structural issues that contributed to Greece experiencing an economic crisis and losing access to financial markets,” the statement began.

The EU Commission notes that it remains crucial that Greek authorities continue to focus on fully addressing the social and economic consequences of the crisis years, adding that Greece can count on the European Commission’s support in this effort.

”The growth is steady, unemployment is going down and public finances have improved. It is important to build on these achievements by continuing on the path of responsible fiscal policies and structural reforms, including those aimed at strengthening the Greek financial sector,” Valdis Dombrovskis, the Vice-President for the Euro and Social Dialogue, noted in the statement.

Pierre Moscovici, the Commissioner for Economic and Financial Affairs, Taxation and Customs, also declared on the anniversary of the bailout exit that ”the European Commission will remain by Greece’s side and support its central role as a member of the European Union and euro area.”

You may be interested

Mitsotakis-Erdogan phone call after the 6.7 Richter earthquake
POLITICS
shares41 views
POLITICS
shares41 views

Mitsotakis-Erdogan phone call after the 6.7 Richter earthquake

makis - Oct 30, 2020

Greek Prime Minister Kyriakos Mitsotakis had a telephone conversation with Turkish President Recep Tayyip Erdogan in the aftermath of the…

Nice Muslim terrorist arrived in France from Lampedusa – Watch the moment of his arrest (video)
SLIDE
shares46 views
SLIDE
shares46 views

Nice Muslim terrorist arrived in France from Lampedusa – Watch the moment of his arrest (video)

makis - Oct 29, 2020

A Tunisian man who arrived in Europe with a group of migrants rescued off the coast of Lampedusa in Italy…

Two Greek hotels win TUI top awards
GREECE
shares45 views
GREECE
shares45 views

Two Greek hotels win TUI top awards

Panos - Oct 29, 2020

Two Greek hotels are among the 16 winners of the TUI Global Hotel Awards, a great distinction that boosts the international visibility of the…

Leave a Comment

Your email address will not be published.