Greece’s latest credit upgrade by S&P, announced on Friday – to “BB” – along with the outlook raised to “positive”, brought smiles to Athens over the weekend, as the development is viewed as a fillip ahead of early next month’s opening of the tourism and F&B sectors in the country.
On Saturday, Greek Prime Minister Kyriakos Mitsotakis echoed his finance ministry in saying that the S&P upgrade confirms the confidence that international investors now show vis-a-vis the Greek economy’s prospects.
Speaking from northern Greece and his tour of road axis projects in the central Macedonia regional unit, Mitsotakis also pointed to his government’s recent announcement of tax breaks and social security cuts, ones aimed to relieve businesses and middle-class wage-earners.
He also combined the reference with a dig against leftist main opposition SYRIZA party, which his center-right government succeeded in July 2019.
“I had committed to returning to the middle class what was taken from them by SYRIZA, and this government is fulfilling this promise,” he stressed.
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