All these results could have been achieved by 2016 or 2017 but sadly Greece had to experiment with tackling the ECB and ending up in a situation with capital controls and a massive bank run.
Thankfully things have been going well over the last few years. Let’s hope there isn’t any more experimentation on the horizon.
No way but up once you hit rock bottom.
Keep it up! Beautiful country!
This is what actual competent fiscal policy does. ND is actually doing a good job so far.
For the next year, they have already announced a new focus on debt reduction (which is very good indeed if paired with sustaining growth).
What I would also like is for my country to finally put the foot down and professionalize the public sector away from political appointments into independent agencies, German style. It’s one of the hardest thing to do because political appointees are basically embedded in the system and it’s literally against our constitution to fire them. It will be a massive uphill battle.
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Congratulations! I am happy for seeing them grow and get a recovery 🙂
And it’s debt has grown to from 362 billion dollars in 2016 to 397 billion in 2020 (probably more now). [[SOURCE](https://www.statista.com/statistics/270409/national-debt-of-greece/)]
All these results could have been achieved by 2016 or 2017 but sadly Greece had to experiment with tackling the ECB and ending up in a situation with capital controls and a massive bank run.
Thankfully things have been going well over the last few years. Let’s hope there isn’t any more experimentation on the horizon.
No way but up once you hit rock bottom.
Keep it up! Beautiful country!
This is what actual competent fiscal policy does. ND is actually doing a good job so far.
For the next year, they have already announced a new focus on debt reduction (which is very good indeed if paired with sustaining growth).
What I would also like is for my country to finally put the foot down and professionalize the public sector away from political appointments into independent agencies, German style. It’s one of the hardest thing to do because political appointees are basically embedded in the system and it’s literally against our constitution to fire them. It will be a massive uphill battle.