Greece was one of the 20 countries that yesterday received the green light from the Commission for its Medium Term Fiscal Structure Programme and one of only eight eurozone countries with a budget that fully complies with its fiscal recommendations.

However, the Greek economy's memorandum legacy and chronic weaknesses continue to be a source of concern for the Commission, which highlighted at yesterday's European Semester the high balance of payments deficit, delays in red-loan settlements, deviations from the overdue debt target, slow decline in inflation, and lagging productivity.

Furthermore, among the risks for the future, in addition to the external environment of wars, the management of the transition to the post-payment period by the Recovery Fund is mentioned. In particular, the fifth post-program assessment of the Greek economy highlights the country's solid growth outlook, with projected GDP growth of 2.1% this year, 2.3% in 2025, and 2.2% in 2026.

However, the report adds that net exports will be a negative factor in growth as imports increase, including to meet capital goods investment needs.