Pierrakakis to Le Point: Greece on a growth trajectory, able to absorb shock of Middle East crisis

Greece is successful a trajectory of growth, and is successful a presumption to sorb the situation successful the Middle East, Greek National Economy and Finance Minister Kyriakos Pierrakakis told 'Le Point' mag and writer Philippine Robert successful an interview.

Pierrakakis noted that the Greek system has decidedly go much resilient successful caller years, owed to a sustainable growth, the rationalization of nationalist finances, and the continuation of infrastructural reforms.

In its instauration to the interview, Le Point notes that Greece utilized to beryllium "the sick antheral of Europe" but is present held arsenic a exemplary of fiscal discipline. Sixteen years aft the commencement of a situation that astir brought down the eurozone, Greece is showing singular resilience: beardown growth, unemployment astatine its lowest, and indebtedness dropping astatine a accelerated rate. However, the mag noted said, betwixt ostentation that stresses households and the menace of a caller substance crisis, the roadworthy remains rough. According to Le Point, Pierrakakis, besides president of the Eurogroup, keeps referring to this transformation. At a clip erstwhile France is struggling with its ain deficits, the Greek curate draws lessons from an unprecedented argumentation of austerity.

In his comments to questions, Pierrakakis said the acquisition was wide - not to repetition mistakes of the past. It is indispensable to person sustainable nationalist finances truthful that the load is not passed down to the adjacent generations, helium stated. Greece is connected the close path, and those who found argumentation indispensable stay alert of threats; but some politicians and citizens person each crushed to stay optimistic, Pierrakakis asserted.