“At a time that is still characterized by liquidity and unprecedented multi-level crises at the international and regional level, this development, following all previous similar assessments that resulted in Greece’s recovery of the investment grade after almost 14 years, it is not only technical in nature, it is not accidental.
It comes to confirm the resilience of the economy and the systematic effort that has been underway since 2019. It further strengthens the country’s development prospects, improving borrowing costs, reducing debt as a percentage of GDP, accelerating the filling of the investment gap that caused by the crisis, the strengthening of exports, but above all, the reduction of unemployment by creating even more and better-paid jobs for all our fellow citizens, primarily young women and men.
However, despite its positive effects, the evaluation alone does not cause us complacency. On the contrary, it reinforces our belief that only with fiscal discipline, stability, responsibility and efficiency, the country will remain on a path of sustainable development. Through the continuation of reforms and structural changes, which will ensure double convergence, both with the rest of Europe, and between all the Regions of the country. We are creating this Greece as we committed, this is the Greece we deserve” said Mr. Papathanasis.
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#Nikos #Papathanasis #Message #credibility #Greece #DBRS #announcement
