Il Foglio: Greece exceeds forecasts – “Greek comeback” with surplus and debt reduction

With Europe’s eyes on Athens, Greece has recorded a remarkable fiscal outperformance that reverses initial estimates and reinforces its image in international markets, as the latest data from Eurostat show a higher-than-target surplus, a steady decrease in public debt and room for targeted interventions in favour of households and growth, with Italy’s Il Foglio highlighting this as a prime example of economic recovery after the crisis, in an environment where fiscal balance and credibility are key factors for sustainable economic progress.

The fiscal reality of our country is referred to in an article entitled “Lessons from Athens” in the Italian newspaper Il Foglio. The article underlines that in Greece the public economy is on a positive trajectory, the debt is decreasing and measures are being taken for households, thanks to the strategy implemented by Prime Minister Kyriakos Mitsotakis.

Much better than predictions

Also, it is reported that “Eurogroup chairman and Greek Finance Minister Kyriakos Pierrakakis had good news” because “Greece’s finances are doing much better than predictions”.

The Rome daily reports that for 2025, the country had set a target of a surplus of 0.6%, but data from the Greek Statistical Service and Eurostat confirmed that the relevant figure reached 1.7%.

“The fiscal data allowed Prime Minister Kyriakos Mitsotakis to announce yesterday a €500 million package of measures to support the economy without questioning the fiscal balance,” Il Foglio writes. According to the publication, our country, after the financial crisis, “has gradually returned to normality, aiming at policies of fiscal discipline to regain credibility on international markets and ensure economic growth.”

Il Foglio also underlines that Greece is one of the five European countries with a fiscal surplus and for the last four years has achieved results that are more positive than forecast. It recalls that its GDP is growing by 2% and adds that its public debt, which last year fell by eight percentage points to 146%, will this year – according to IMF forecasts – be reduced by another eight to nine points and will be at a lower level than that of Italy.

The Rome daily, finally, concludes its report on our country by recalling the statement by Prime Minister Kyriakos Mitsotakis that “this is a result that is due to a careful fiscal policy.”

</html