August 20 is a good day for Greece and the eurozone, a spokesman of German Chancellor Angela Merkel told the Athens-Macedonian News Agency (ANA) on the country’s completion of its fiscal adjustment program.
“After eight years, today ends the last of the bailout programs necessitated in the crisis for a eurozone member-state. This is a good day for Greece and the eurozone. Greece exerted a great effort in the framework of fiscal adjustment programs, it brought its expenditures under control, it implemented reforms and because of all this returned to economic growth,” the spokesman said.
He added, “Eurozone partners – all eurozone countries, that is – repeatedly expressed great solidarity in tandem with European institutions and the IMF, to support Greece in this path.
“The successful completion of the ESM program signals a significant step for Greece, which will from now on be funded again on its own strength. In order to safeguard this successful progress, it is now important for Greece to continue on the path it has followed so far. The Eurogroup agreements this June set an important foundationse for that,” he said.