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Greece to Have “Highest Growth Rate in the Eurozone” in 2022

Greece economic growth
Mitsotakis speaking with Vestager about Greece’s economic growth. Credit: Greek Government.

The Vice President of the European Commission, Margrethe Vestager, said she saw Greece as likely to experience high economic growth next year in a meeting with Prime Minister Kyriakos Mitsotakis on Friday.

The talks included a number of Greek ministers and high ranking European Union officials.

Greece to experience economic growth

The meeting, which took place in Athens, celebrated Greece’s successes in managing the pandemic and the economy over the last year. It also served as a chance for officials to discuss future plans for economic growth in Greece.

“Greece may be the country with the highest growth rate in the eurozone next year,” she remarked.

“Both the management of the pandemic and the current situation in the country are impressive. Really impressive,” she stated to PM Mitsotakis.

Vestager, a Danish politician who has served as Executive Vice President of the European Commission for A Europe Fit for the Digital Age since December 2019, has also been  the European Commissioner for Competition since 2014.

The Friday meetings were also attended by a number of Greek ministers. The list of high-ranking attendees included Costas Karamanlis, the Minister for Infrastructure and Transport Costas Skrekas, the Minister of Environment and Energy, and Theodoros Skylakis, the Deputy Minister of Finance.

Mitsotakis was positive about Greece’s economic growth, saying: “With great pleasure, I can say that I believe that the worst is over and now the economy is moving towards a very fast recovery. I am very optimistic over the prospects of the Greek economy,

“Because we never stopped implementing reforms during the Covid-19 pandemic, we are now able to take advantage of the post-pandemic recovery.”

During the talks, many issues were discussed. These included the Recovery Fund, the energy market, the Patras – Pyrgos highway as well as the Thriasio Pedio as an international supply chain center.

The meeting also focused on the European Commission ‘s rapid response to pandemic relief measures. Vestager expressed her satisfaction with the Greek Recovery and Sustainability Plan as well.

The meeting was also well-attended by European officials. The Deputy Head of the European Commission Delegation to Greece, George  Moschovis, and the Competition Officer in the Office of the Executive Vice President of the European Commission, Penelope  Papandropoulou, both participated. 

Government plans for economic recovery

Recent government assessments posit that the economy has already begun to get over the hump of the pandemic recession, heading toward steep growth in 2021.

The European Commission forecast for economic growth rates were 4.1% in 2021 and 6% in 2022.

According to a government media briefing on Thursday, the vaccination program in Greece is progressing at a satisfactory pace and attention can therefore be shifted to other vital issues which will become more pressing as the pandemic recedes.

One of the central issues that the government has pinpointed as needing to be addressed are worker’s rights, which have been affected by the pandemic.

Mitsotakis also tweeted remarks regarding the issues facing workers and the government’s plans to address them.

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