Giorgos Katrougalos: Clean exit from the memoranda will help Greece reclaim a large part of its sovereighty

The clean exit from the memoranda in August along with further debt relief measures will support the Greek economy and help the country reclaim a large part of its sovereighty, Alterate Foreign Minister Giorgos Katrougalos said on Wednesday.

Katrougalos was speaking in an event organised by the Foreign Ministry for the presentation of strategic planning and the implementation of actions to enhance the extroversion of the Greek economy.

“The conditions are for the first time favorable, not only because of the improvement of the macroeconomic indicators but also because we are heading towards August to a clear exit from the memoranda,” Katrougalos said.

He also that these developments will reaffirm the possibility of defining the country’s economic policy instruments, which with debt relief measures will give new prospects to the Greek economy.

He noted that Greek exports in 2017 showed an increase of 13 pct compared to 2016 and underlined that with the exit from the memorandums a new production model is required based on the advantages of our country, such as its geographical location, the biodiversity of rural of its products, its well-trained workforce, but also the turn to innnovation and knowledge.

Source ANA-MPA
You might also like


The Greek Observer considers that every reader has the right to express their opinions freely. However, we explicitly emphasize that The Greek Observers’ editorial team does not adopt user opinions. Please express your opinions in a decent manner. Comments that include, insults will be deleted by the team and the users will be banned from commenting.