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Although Kyriakos Mitsotakis says "we have strong growth and a significant drop in unemployment of 3% since last year and 5% since 2019", Greece is still in a delicate situation. The unemployment rate was 30% at the height of the crisis, it was still 14.8% according to the World Bank in 2021 and would have fallen to 12% in 2022 (7% on average in the euro zone). The European Commission is forecasting GDP growth of 4% in 2022 (2.6% on average in the euro zone), compared with 8.3% in 2021, mainly thanks to tourism. However, at $216bn ($215.7bn) in 2021, it is still more than 15% below its 2008 level. The World Bank has indicated that inflation will rise by 1.2% in 2021.

The hole caused by the effects of the debt, which is expected to rise to 180% of GDP (97% on average in the other countries of the euro zone) by the end of 2022, will have to be filled. As well as raising wages, which are among the lowest in the eurozone. To achieve this, Athens is forced to run a series of budget surpluses.

"The Commission will continue to support Greece in this new phase of its economic development, working in partnership to carry out the reforms and investments foreseen in the ambitious recovery and resilience plan," says Paola Gentiloni. In June 2021, the European Union approved Greece's recovery plan of 17.8bn in grants and 12.7bn in loans under the Recovery and Resilience Facility (RRF).

See more here:
Greece officially freed from the European Union's tutelage - en.econostrum.info