The announcement will be official on August 20, but the Greek Prime Minister, Kyriakos Mitsotakis, has already rejoiced on social networks: “
The country will no longer be the black sheep of Europe
.”
This Saturday, Athens is coming out of the enhanced surveillance regime which was still imposed on it by the European Union.
Greece will be able to regain the sovereignty of its budgetary decisions after twelve long years of supervision imposed by the EU, the European Central Bank (ECB) and the International Monetary Fund (IMF).
"
We were called all evil, lazy or corrupt
," says Panagiotis Petrakis, professor of economics at the University of Athens.
“
The country had accumulated thirty-five years of budgetary laxity and the Olympic Games
(in 2004) which were
too expensive.
Reforms were necessary but they could have been achieved taking into account that the banking system was not keeping up
.”
Between April 23, 2010 and today, three rescue plans have been organized by creditors…
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