Greece has been classified among the best economies in the eurozone by the Managing Director of the International Monetary Fund, Kristalina Georgieva, speaking at a Fund event ahead of the Spring Meetings. She made special reference to Greek Finance Minister Kyriakos Pierrakakis, noting that his election to the presidency of the Eurogroup confirms the restoration of the country’s credibility and its strengthened presence at the core of European developments. Referring to the crisis of the previous decade and the difficult reforms that were implemented, Georgieva emphasized that Greece’s progress is a characteristic example of how political will, consistency and commitment to change can lead to strong recovery.
Georgieva, IMF Managing Director: Pierrakakis’ election to Eurogroup confirms Greece’s credibility – Among Europe’s best performing economies
The head of the International Monetary Fund stated characteristically:
“I want to make a special reference to countries like Greece, Ireland and Portugal. They found themselves in a huge crisis, the eurozone crisis. I am very grateful to our teams at the IMF for the work the Fund did with these countries. And look at them now: they are among the best performing economies in Europe. And how did they achieve it? You grit your teeth, you do the hard things, you take people with you. And the fact that today the president of the eurozone is the Greek finance minister confirms it. Political will, commitment and the ability to make difficult reforms pay off”.
