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

21 August 2019
75 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

Lotto results: 18/09/2019
GREECE
shares19 views
GREECE
shares19 views

Lotto results: 18/09/2019

Panos - Sep 18, 2019

The winning numbers from the Lotto draw are as follows:

Turkish Court drops charges of espionage against two Greek servicemen
GREECE
shares14 views
GREECE
shares14 views

Turkish Court drops charges of espionage against two Greek servicemen

makis - Sep 18, 2019

The Turkish authorities dropped the charges of espionage against two Greek officers who had been arrested for illegal entry into…

Greek and Turkish Defence Ministers talk over phone
DEFENCE
shares26 views
DEFENCE
shares26 views

Greek and Turkish Defence Ministers talk over phone

Panos - Sep 18, 2019

The Greek Nationa Defence Minister, Nikos Panagiotopoulos communicated with his Turkish counterpart Hulusi Akar, over the phone, according to a…

Leave a Comment

Your email address will not be published.