The European Commission is to end its enhanced scrutiny of the Greek economy, marking an end to a debt crisis triggered by the 2008 global financial tumult that almost pushed the country out of the eurozone.
In a letter to Greek finance minister Christos Staikouras on Wednesday, EU economy commissioner Paolo Gentiloni said Greece had “delivered on the bulk of the policy commitments” made to the Eurogroup of 19 eurozone member states and “achieved effective reform implementation” despite the impact of Covid-19 and the war in Ukraine.
Staikouras said on Twitter that the announcement “marks the achievement of a major national goal for Greece”.
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