February 2, 2023

Athens News

News in English from Greece

Ministry of Finance: the state of the Greek economy is better than in other EU countries

The consequences of the global crisis had practically no effect on Greece, Finance Minister Christos Staikouras said Thursday on the air of Parapolitika 90.1 radio station.

Therefore, the state of the Greek economy is better than in most of Europe, and the numbers indicate that Greece will not go into recession, as is predicted to happen for half of European countries.

The Minister noted that Greece has achieved the largest reduction in public debt as a percentage of GDP in recent years and reiterated that the main goal of economic policy in 2023 was for Greece to have a primary surplus that will lead it to investment grade status. The minister also talked about a threefold growth in 2023 compared to Europe and an increase in investment – in this and in 2024. At the same time, he did not rule out that additional fiscal space will be created, which will become available to society.

The time of fairy tale stories from a parallel world continues…

For reference:

  • The national debt of Greece in 2019 is 401 billion euros and in 2022 556,723.12 euros.
  • Greece’s GDP in 2019 is 205.26 billion euros and in 2022 is 221 billion euros.
  • The ratio of national debt to GDP 2019 181%, in 2021 193%.

Greek national debt in billions of euros


Greek GDP in billion euros

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