National Economy and Finance Minister Kyriakos Pierrakakis said in an interview with the Bulgarian News Agency, ahead of Bulgaria’s accession to the eurozone, that “at a time when public debt is rising in many countries, Greece today is not part of the problem but part of the solution.”
“Our debt structure is long-term, with a fixed interest rate and sound management. We are steadily reducing it through growth. The Greek economy demonstrates resilience in a particularly demanding global macroeconomic and geopolitical environment,” he noted.
“Greece has achieved one of the most impressive reductions in public debt,” Pierrakakis said, adding that the debt-to-GDP ratio is expected to reach 137.6% in 2026.
“We achieved this not through austerity, but through prudence, growth and responsible governance,” he noted, stressing that fiscal discipline is now a permanent feature of Greek economic policy.
He noted that “all major credit rating agencies have upgraded Greece to investment level,” marking the country’s full return to market normality.
“The Greek banking system is no longer a source of instability – it is a pillar of stability and growth. Following the restoration of investment grade status, Greece is now attracting private capital from abroad,” he said, adding, “Greece has left behind the crisis and has become a source of stability in the region.”
