OR Standard & Poor’s made a ‘Easter gift’ to Greece Upgrading its worthy despite international turmoil due to the trade war, with a fixed outlook, as the country remains faithful to fiscal discipline.
Standard & Poor’s evaluation raises Greece’s credibility to BBB from BBB-being the third rating house after Scope and DBRs that uploads us another level within the investment grade, while in the first step of the Investment Grade has uploaded us recently by Moody’s, where Moody’s also holds us FITCH, which also holds us. May.
According to the report, the country’s fiscal march is stable, predicting primary surpluses of 2.7% by 2028 and growing at 2.4%, as the new cabinet remains focused on fiscal prudence and rebuilding security stocks.
Forecasts for continuing political stability continue to indicate positive circular profits for the Greek economy, giving the necessary flexibility for additional measures.
The evaluation firm estimates that the government will largely allocate the additional revenue to boost investment in public infrastructure, especially as the recovery fund is over.
Despite the international “storm”, S&P says that given limited direct interconnections, the impact on Greece in Greece’s changes in US duties is likely to be average.
On the other hand, the increase in investment activity linked to the recovery fund in the period 2025-2026 will provide a significant boost. In the medium term, growth should be reinforced by the continued improvement of employment levels, increasing real wages and the possible positive impacts of higher German spending and EU investment.
What does Kyriakos Pierrakakis say
As the Minister of Finance, Kyriakos Pierrakakis, reports, today’s upgrade is a very powerful signal of confidence in the country, which is gaining more value in times of international uncertainty.
The S&P report predicts that Greece will maintain high primary surpluses of 2.7% by 2028, while growth will remain average at 2.4% at the same time. In 2028 debt will have fallen 50 points below 2019, which is one of the greatest remains internationally in recent years. S&P estimates that in employment we have already returned to pre -crisis levels in 2008, it provides further reduction in unemployment and increases in income for all, as a result of the positive image of the Greek economy.
“S&P’s forecasts for the future of the Greek economy justify government choices and the confidence of citizens who have embraced our belief that fiscal stability is the only safe way out of the many years of financial adventure. This is the way for the future. We achieve our goals, we build the economy on healthy foundations, we return to society a fair share of progress, “the minister said.
“The BBB investment level is a starting point for us for a new era of economic extroversion, competitiveness, digitization and innovation. Greece is now a reliable and stable business destination. A modern economy that is evolving, reformed and gains international confidence, ”he concludes.