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

21 August 2019
180 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

With a nod from Parliament, Greece gets first female president
POLITICS
shares9 views
POLITICS
shares9 views

With a nod from Parliament, Greece gets first female president

makis - Jan 22, 2020

Top judge Katerina Sakellaropoulou became Greece’s first woman president on Wednesday when lawmakers elected her head of state in a…

Monica Bellucci to play Maria Callas in Athens theatre
ART
shares18 views
ART
shares18 views

Monica Bellucci to play Maria Callas in Athens theatre

Panos - Jan 22, 2020

Italian actress Monica Bellucci will reportedly appear in a theatre in Athens playing the role of Maria Callas in the…

Russia ships 120 missiles to Turkey for S-400 system
GREECE
shares19 views
GREECE
shares19 views

Russia ships 120 missiles to Turkey for S-400 system

Panos - Jan 22, 2020

Russia has sent 120 missiles to Turkey for its S-400 system, according to Russian media and a military source. “Turkey…

Leave a Comment

Your email address will not be published.