It was 27 April 2009, following a recommendation from the European Commission, when the Economic and Financial Affairs Council (ECOFIN) decided that an excessive deficit existed in Greece. Eight years and three financial assistance programs after, Greece is ready to exit the Excessive Deficit Procedure (EDP) according to the Berlaymont.
“This follows the substantial efforts in recent years made by the country to consolidate its public finances coupled with the progress made in the implementatio...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now