Greece’s Ministry of National Economy and Finance published a press office commentary arguing that the European Union needs to move from analysis to coordinated implementation, including more flexible and targeted cross-border capital flows, to advance a “Savings and Investment Union”. It presents Greece’s fiscal consolidation and state modernisation as evidence that shared priorities can be translated into outcomes. The note highlights Greece’s 2024 primary surplus of close to 4.8% of GDP and growth above the euro area average, alongside improved market borrowing conditions. A budget submitted to the Hellenic Parliament projects 2.4% growth in 2026, with public debt expected to fall below 140% of GDP and below 120% before 2030, attributed to sustained primary surpluses, stronger nominal growth and early repayment of older official loans. It also points to public-sector digitalisation, including more than 2,000 services available via gov.gr and the use of digital identities and driving licences on mobile phones since 2022, and notes recent cross-border banking and financial-sector activity such as Euronext’s acquisition of the Athens Stock Exchange and UniCredit’s investment in Alpha Bank. The ministry also flags remaining domestic challenges, including investment needs, exports’ share of GDP, productivity and real wage growth, and demographic pressures, referencing a recent tax reform that includes the gradual abolition of ENFIA for primary residences in small communities.
Ministry of National Economy and Finance (Greece) 2025-11-27
Greece's Ministry of National Economy and Finance outlines a 2.4% 2026 growth forecast and debt path below 140% of GDP while urging faster EU capital market integration
Greece’s Ministry of National Economy and Finance urges the EU to move from analysis to coordinated implementation for a “Savings and Investment Union,” citing Greece’s fiscal consolidation and state modernization. The commentary highlights Greece’s 2024 primary surplus of nearly 4.8% of GDP, growth above the euro area average, improved borrowing conditions, public-sector digitalization, and recent cross-border financial activities, while acknowledging domestic challenges like investment needs and demographic pressures.