Greece has been ranked among the top eurozone economies by International Monetary Fund Managing Director Cristalina Georgieva. Speaking at a Fund event ahead of the Spring Meetings, the IMF strongwoman highlighted the country’s impressive progress, noting that Greece has now cemented its place among the best performing countries.
Georgieva made special mention of the Greek Minister of Economy and Finance, Kyriakos Pierrakakis, noting that his election to the Eurogroup chairmanship is the ultimate recognition of the national effort. He said that this development sealed the country’s return to the centre of European developments.
Referring to the decade-long crisis and the painful changes that have been implemented, she said that the Greek case proves that political determination and consistency in reforms lead to substantial results.
The head of the International Monetary Fund said.
“I want to make a special mention of 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 has done with these countries. And look at them now: they are among the best performing economies in Europe. And how did they do it? You grit your teeth, you do the hard stuff, you get people on board. And the fact that today the president of the eurozone is the Greek finance minister confirms it. The political will, the commitment and the ability to make difficult reforms are paying off.”
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