Greek Deputy Prime Minister Kostis Hatzidakis arrives in Berlin on Monday to present Greece’s positive economic outlook. Last year, the gross domestic product (GDP) grew by 2.1 percent, significantly above the Eurozone average of 1.3 percent. The Greek government anticipates further growth of two percent for 2023.
Hatzidakis stated to Handelsblatt: “This is not magic, but the result of solid economic and financial policies that consistently combine budget discipline with growth-promoting measures and structural reforms.” This policy has led Greece to be among the few EU countries with a positive budget balance by 2025, projected at 1.7 percent of GDP.
Additionally, Greece recorded a primary surplus, excluding debt service, of 4.9 percent. Hatzidakis, who has led several key ministries since 2019, believes the country is well-positioned to cushion economic turbulence that may arise from conflicts such as the one in Iran.
The trip to Germany is part of a strategy to convince international investors of Greece’s potential and to promote further economic cooperation.
