“It is yet another proof that Greece’s efforts are paying off,” Kostis Hatzidakis stressed
The credit rating agency upgraded the outlook of the Greek debt from stable to positive, at the BBB- level Standard & Poor’s.
With a written statement, the Minister of National Economy and Finance, K. Hatzidakis, emphasizing among other things that it is a response to those who complain and try to downplay the positive developments of the last five years.
In particular, Mr. Hatzidakis stated that: “The further upgrading of the Greek economy by Standard & Poor’s within a very few months (after Greece regained investment grade, the “outlooks” changed from stable to positive) is yet another proof that the Greece’s efforts are gaining ground.
But it is also a response to those who constantly complain and try to downplay the positive developments of the last five years: the unprecedented increase in exports, the fact that in recent years Greece has set a record in foreign direct investment, the great reduction in unemployment by seven percentage points and that lately we have five times the growth rate of the eurozone average.
The recognition of the significant progress by all international organizations and rating agencies does not make us complacent. On the contrary, it gives us strength to continue the effort and promote all the necessary reforms that will lead the Greek economy even higher.
We move past small-minded criticism and move forward with speed and determination.”
