EDITORIAL /
Our View: Growth & Stability
CEO, Enterprise Greece
Greece continues to implement its program of fiscal discipline and economic reform. Investors, financial markets and credit ratings agencies are noticing.
In just the last few weeks, the Greek government has raised almost €4 billion from two landmark privatizations, submitted a draft budget that projects increased public investment, and has pledged to drastically reduce sovereign debt over the next four years, including the early repayment of billions of euros in crisis-era loans.
All this, even as economic growth in Europe remains slow and global financial markets are gripped with uncertainty. The trust that Greece inspires now is a vote of confidence by both foreign and Greek investors in the prospects of the Greek economy and the government’s fiscal program.
Greece is witnessing a convergence of positive developments: a large reduction in debt, reduced tax evasion, increased defense spending, the strengthening of the welfare state, lower unemployment, lower taxes, and higher incomes. That means Greece will continue to grow and continue to inspire confidence in the years ahead.