Greece is dynamically entering the spotlight of international economic attention as an example of reform success, fiscal credibility and investment recovery. Today’s extensive reports from leading international media outlets clearly capture the country’s major image transformation: From market exclusion and deficits of the previous decade, to steady growth, primary surpluses and the return of international investor confidence.
German news network RND: “Praise for Greece’s fiscal reforms”
Specifically, the German news network RND, in an extensive report titled “From nightmare to model: Praise for Greece’s fiscal reforms,” describes the country as one of the most impressive cases of economic transformation in Europe. The network’s Athens correspondent, Gerd Höhler, notes that Greece, which just a few years ago was excluded from markets and under successive bailout programs, now ranks among only five European Union countries recording fiscal surpluses.
The report attributes particular importance to tax administration reforms and the extensive use of digital tools to combat tax evasion, policies promoted by Minister of National Economy and Finance, Kyriakos Pierrakakis. According to the analysis, electronic integration of tax mechanisms, expansion of electronic transactions, use of digital cross-checks and systematic strengthening of tax compliance contributed decisively to significant improvement in public finances.
Euronews: “The Greek stock exchange among the world’s highest-performing markets”
The international network Euronews moves in the same particularly positive climate, highlighting the impressive performance of the Greek capital market, characterizing the Greek stock exchange as one of the world’s highest-performing markets. According to the report, total returns reached 146% over the past five years, surpassing even the NASDAQ-100, in a development the outlet describes as an “impressive turnaround story.”
