After 12 years, Greece came out of the enhanced surveillance framework, thus closing a difficult chapter in the nation’s history. With this development, combined with the early repayment of loans to the International Monetary Fund and the lifting of capital restrictions, Greece returns to European normality and ceases to be an exception in the Eurozone.

The decisive role played by Kyriakos Mitsotakis and Christos Staikouras in the “liberation” of the Greek economy was underlined by the president of the Eurogroup.

In her post, the President of the Commission, Ursula Von der Leyen stated that this development comes thanks to the determination and strength of Greece and the Greeks.

Η σημερινή ημέρα σηματοδοτεί το τέλος της ενισχυμένης εποπτείας για την ??

Χάρη στην αποφασιστικότητα και τη δύναμη της Ελλάδας και των Ελλήνων, η χώρα κλείνει πλέον αυτό το κεφάλαιο και ατενίζει το μέλλον με αισιοδοξία.

Η ?? πάντα στο πλευρό σας. pic.twitter.com/3hRjwXdYMG

— Ursula von der Leyen (@vonderleyen) August 20, 2022

Ursula von der Leyen’s post in English: “Today marks the end of enhanced surveillance for Greece. Thanks to the determination and strength of Greece and the Greek people, the country is now closing this chapter and looking to the future with optimism. The European Union is always at your side.”

Charles Michel also made a related post, writing: “Important day for Greece – today it leaves the framework of enhanced supervision. A success due to the commitment of the Greek people and the Greek authorities combined with European solidarity. Greece is moving forward.”

An important day for #Greece — exiting the enhanced surveillance framework today.

A success due to the commitment of the Greek people and authorities combined with European solidarity.

Greece is moving forward. @kmitsotakis

— Charles Michel (@CharlesMichel) August 20, 2022

Earlier on Saturday PM Mitsotakis welcomed the formal end of memoranda in a release stressing it ends a 12-year cycle that brought pain to the Greeks said Kyriakos Mitsotakis.

The Prime Minister emphasised in his message that the marginalization of Greece’s position in Europe and the world is a thing of the past and a new, clear horizon of development, unity, and prosperity for all is emerging.

“August 20, 2022, is a historic day for Greece and the Greeks: in the most official way, our country is exiting the Enhanced European Surveillance framework. Thus, closes a twelve-year cycle that brought pain to the citizens, stagnation in the economy, and division in society. But for a new, clear horizon of development, unity, and prosperity to emerge for all.”