Finnish-Hellenic Chamber of Commerce: 26. Newsletter

Light in the Greek tunnel (of economic growth)

This ending decade has been difficult for Greece and its citizens due to the economic crisis.

The Greek state ended up closing deals for three successive programs of financial support and adjustment with the EU institutions and the IMF during the years 2010-2018.

During these years of adjustment, Greece has made some important reforms but there is still work to be done in modernizing the public sector, privatizing public entities, increasing the competitiveness of the country, modernizing the education system and in general improving the services provided to citizens by the State. Greek budgets no longer create prima-ry deficits since the target of primary surplus has been agreed at the level of 3,5 % until 2022. Interest rates for 10-year Government bonds have dropped to the level of 1,6 %.