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Greece has pleasantly surprised the European economy

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Apr 23, 2024

Greece was the pleasant surprise of the European economy that garnered attention at the Spring Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG), according to National Economy and Finance Minister Kostis Hatzidakis. After wrapping up his visit to Washington, Hatzidakis emphasized the positive feedback received during his interactions at the meetings. He noted that Greece was seen as a beacon of hope within the European economy, a sentiment echoed by representatives of global organizations, financial analysts, and global investment banks.

During his time at the meetings, Hatzidakis engaged in discussions with various influential figures, including IMF Managing Director Kristalina Georgieva, Director of Fiscal Affairs Vitor Gaspar, and Director of the European Department Alfred Kammer. These meetings provided an opportunity to highlight Greece’s progress and share insights on the country’s economic outlook.

In addition to his engagements with IMF officials, Hatzidakis participated in a working lunch hosted by Georgieva for ministers from advanced European economies. The focus of the discussions revolved around strategies to enhance the European economy’s competitiveness, with an emphasis on sustainable growth and prosperity.

Furthermore, the Greek finance minister also met separately with representatives from investment banks, credit rating agencies, and financial institutions. Key figures such as Goldman Sachs President and CEO John Waldron and Citigroup Vice Chairman (Corporate & Investment Bank) Jay Collins were among those Hatzidakis engaged with to discuss the potential opportunities in Greece. Additionally, he participated in interviews with prominent media outlets, including CNBC and Bloomberg, to provide insights into Greece’s economic trajectory and future prospects.

Overall, Hatzidakis emphasized the importance of continuing efforts to drive economic growth, create new job opportunities, and improve the quality of life for all Greeks. The positive feedback received during his visit to Washington highlighted Greece’s resilience and potential to emerge as a strong player in the European economy.

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