Newsletter September,2023,09


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Our View: Reform Formula

By Marinos Giannopoulos
CEO, Enterprise Greece

Five years ago, Greece reached the milestone of shedding financial oversight by the EU. Since then, the Greek economy has flourished, the market has rallied, and the country has regained coveted investment grade status.

The winning formula for this success has been reform and fiscal discipline. And it remains the formula for Greece’s future prosperity.

This month, Prime Minister Kyriakos Mitsotakis outlined his “multidimensional modernization” program for the country – the next step in an ongoing reform program aimed at strengthening the economy and improving public services. Concurrently, Greece gained two credit rating upgrades, while reporting one of the fastest growth rates in the Eurozone.

Greece’s modernization program has been a success and investors are paying attention: the Greek stock market is up by more than a third this year. That too marks one of best performances in Europe.

Greece is staying the course with its winning formula of structural reform and fiscal discipline.