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“Greece is giving lessons in fiscal policy”: Italian newspaper praises Kyriakos Mitsotakis’ strategy

An article titled “Lessons from Athens” in the Italian newspaper Il Foglio refers to Greece’s fiscal reality, speaking very positively about both the Prime Minister and Kyriakos Pierrakakis

Newsroom April 23 09:53

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The article highlights that in Greece, the public finances are on a more positive trajectory than expected, debt is decreasing, and measures are being taken to support households, thanks to the strategy implemented by Prime Minister Kyriakos Mitsotakis.

It also adds that “the President of the Eurogroup and Greek Finance Minister, Kyriakos Pierrakakis, had good news,” because “Greece’s public finances are performing much better than forecasts.”

The Rome-based newspaper reports that for 2025, Greece had set a target surplus of 0.6%, but data from the Hellenic Statistical Authority and Eurostat confirmed that the figure reached 1.7%.

“Fiscal data allowed Prime Minister Kyriakos Mitsotakis to announce yesterday a package of economic support measures worth €500 million, without undermining fiscal balance,” writes Il Foglio. According to the report, after the economic crisis, Greece has “gradually returned to normality, pursuing policies of fiscal discipline, aiming to regain credibility in international markets and ensure economic growth.”

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Il Foglio also stresses that Greece is one of five European countries with a fiscal surplus and has achieved better-than-expected results over the past four years. It notes that GDP is growing by 2% and adds that public debt, which last year fell by eight percentage points to 146%, is expected—according to IMF projections—to decline by another eight to nine points this year, reaching a level lower than Italy’s.

Finally, the Rome newspaper concludes its reference to Greece by recalling Prime Minister Kyriakos Mitsotakis’ statement that this outcome is the result of careful fiscal policy.

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