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"Positive prospects reflect a possible improvement in the level of debt if the authorities liberalize growth by encouraging competition, promoting property rights, facilitating bankruptcy procedures and improving enforcement. contracts."
After talking about a "balance of risks" better in terms of the country's solvency.
She said the agency estimates that "public infrastructure projects will boost investment in the tourism sector and in the logistics sector, which will lead to better growth prospects for Greece ", said Friday the S & P. In June, Greece reached an agreement with its creditors to extend the repayment period of a large part of the Greek debt for 10 years.
However, the size of the Greek debt in relation to the highest GDP of the EU is still 180%. GDP. The agreement will allow Greece to have its guardianship on August 20th.
On 22 June, the eurozone finance ministers announce the end of the Greek debt crisis after a broad agreement that would put an end to eight years of crisis and austerity plans.
The agreement will allow Athens to leave its tutelage on August 20 and allow it to finance itself in the markets after years of sharp contraction and three programs of badistance.
European Commissioner for Economic Affairs Pierre Moskovice "The Greek crisis ends here tonight, we have finally reached the end of the tunnel, which was very long and difficult, it is a historic moment." [19659002GreekFinanceMinisterYucelidTsalotospraisedtheagreementsaying:"Iamdelighted""WemustmakesurethattheGreekpeopleareexperiencingtangibleresults"
Greek debt for 10 years, although it remains the highest in the European Union (180 percent of GDP), allowing the Greeks to start repaying part of the debt by 2032 instead of 2022 so far.
Ministers also agreed to pay the last tranche of aid, amounting to 15 billion euros, against 88 reforms led by the government In recent weeks,
5.5 billion euros are devoted to debt service, 9.5 billion to the financial safety net and 24 billion in the 22 months that followed the exit of the program from Greece.
In Germany, certain debt relief measures will remain conditional on the continuation of the latest reforms, some of which will last several months.
But Athens will come out of the aid program in August 2022 under strict European control and will be more severe than those imposed on Portugal and Cyprus. Ireland
Greece's GDP was 1.4% in 2017 at 1.9 percent this year and 2.3 percent next year. Greece recorded a budget surplus of 0.8%, after a deficit of 15.1% in 2009.
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