Greek statement

On the morning of the 20th local time, Greek Prime Minister Mizttakis issued a statement saying that after continuous three rounds of rescue, the European Union officially canceled the "strengthening supervision" mechanism for Greece that day.

In this regard, some Greek people said: For our country, everything seems to be better, but I believe many people are skeptical of this and believe that the Russian -Ukraine conflict and the new crown pneumonia will continue to create trouble. We must consider In Greece is not only a country, but also part of Europe, but the entire Europe cannot avoid the energy crisis.

According to reports, due to the impact of the 2008 financial crisis, the three major credit rating agencies in the world at the end of 2009 lowered the Greek sovereign credit rating, triggering the Greek debt crisis. Since 2010, the European Union has launched a total of more than 200 billion euros in Greece.

On August 20, 2018, the EU's third round of rescue plans for Greece ended, marking the end of the Greek debt crisis. Subsequently, the European Union's economic development policy and fiscal budget expenditure for the Greek government launched the "strengthening supervision" mechanism, which review and evaluate whether the Greek government strictly controls fiscal expenditure in accordance with the requirements of the creditor. The European Commission announced on August 10 that the Greek government had recognized the "most policy commitments" made to other euro zone countries in exchange for rescue. Therefore, it was decided to officially end the "strengthening supervision" mechanism for Greek finance on August 20.

Source: CCTV News Client

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