Greece Exits EU Crisis Monitoring Framework, Citing Economic Recovery

The European Commission has formally removed Greece from its macro‑economic imbalances monitoring framework, ending a 16‑year oversight that began during the country’s debt crisis. National Economy Minister Kyriakos Pierrakakis announced the decision in Patras, highlighting the early repayment of €6.9 billion in bailout loans, which he said will save Greek taxpayers about €180 million a year in interest and free funds for tax relief, family support, healthcare and education. He pointed to 600,000 new jobs, unemployment near historic lows and growth roughly double the EU average as evidence of the turnaround.

Prime Minister Kyriakos Mitsotakis reinforced the recovery narrative in a U.S. podcast, noting reduced public‑debt ratios, sustained primary surpluses and continued investment. He emphasized digital reforms such as the gov.gr platform, AI‑driven tax tools and digital payments that have boosted revenues and curbed evasion. Mitsotakis also stressed Greece’s expanding role in the Eastern Mediterranean, particularly in energy, shipping and regional connectivity, while acknowledging ongoing challenges like the cost‑of‑living pressures.