[Yves Herman/Reuters]
The European Commission has given a positive evaluation of Greece’s 2025 budget plan and medium-term fiscal strategy, according to the autumn package of the European Semester released on Tuesday.
This marks the first assessment under the new economic governance framework. During the presentation of the budget evaluations, Economy Commissioner Paolo Gentiloni noted that 17 of the 20 eurozone member-states submitted budget plans for 2025 (Austria, Belgium and Spain did not).
Αmong these, eight countries – Greece, Cyprus, Croatia, France, Italy, Latvia, Slovenia and Slovakia – are deemed to comply with fiscal recommendations, as their net expenditure growth remains within the prescribed limits.
Conversely, the Commission found that the budget plans of seven countries, including Estonia, Germany, Finland and Ireland, do not fully align with fiscal recommendations due to net expenditure increases that exceed the upper limits.