ESM calls for prudence and reforms

Greece needs to follow prudent fiscal policy and continue reforms in order to ensure the confidence of the markets, Pierre Gramegna, the new executive director of the European Stability Mechanism (ESM), pointed out on Thursday following his meeting in Athens with Finance Minister Christos Staikouras.

After crediting the country's "remarkable progress" even during the pandemic and energy crisis, Gramegna, who began his tour of European capitals in Athens, added: "However, we must remain vigilant. Maintaining the big gains of the past, keeping fiscal policy on a sustainable path and continuing on the path of reforms will help Greece's economy to thrive. Also, all of this is important to maintain investor confidence in the market."

Gramegna also met with Prime Minister Kyriakos Mitsotakis and the governor of the Bank of Greece, Yannis Stournaras, as part of the wider...

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