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Economy

Greek FinMin Welcomes 11th Surveillance Report

September 22, 2021

ΑΤΗΕΝS — Α European Commission publication of the 11th enhanced surveillance report for Greece is another acknowledgement of the methodical effort made by both citizens and the state in the field of economy, under adverse conditions, Finance Minister Christos Staikouras said on Wednesday.

In a statement, the Greek FinMin said that the report noted that the Greek economy was showing signs of recovery faster than expected, while it made special references to the efficiency of government measures aimed to support employment and boost liquidity, along with relief measures and supporting those hit by the summer's wild fires. The report also highlighted the crucial rose of the National Recovery and Resilience Plan, confirmed that the impact of the pandemic on the financial sector was limited and certified the sustainability of the country's public debt.

The report is prepared in the context of the enhanced surveillance framework which serves to ensure continued support for the delivery of Greece’s reform commitments following the successful completion of the financial assistance programme in 2018. The report concludes that Greece has taken the necessary actions to achieve its due specific commitments, despite the challenging circumstances caused by the pandemic.

The Greek authorities delivered on specific commitments across various areas, including privatisations, improving the business environment and tax administration, while advancing on wider structural reforms including in the area of school education and public administration. The European institutions welcome the close and constructive engagement in all areas and encourage the Greek authorities to keep up the momentum and, where necessary, reinforce the efforts to remedy the delays partly caused by the pandemic, it said.

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