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Greece's economic performance and policies have been closely
monitored under the framework since 2018 to ensure it
implemented reforms promised under three international bailouts
- totalling more than 260 billion euros ($261 billion) - from
the European Union and the IMF between 2010 and 2015.
EU officials had confirmed Saturday's exit earlier this month,
saying Athens had delivered on the bulk of its commitments.
"A 12-year cycle that brought pain to citizens now closes,"
Kyriakos Mitsotakis said in a statement. "Exiting the enhanced
surveillance framework means greater national leeway in our
economic choices".
Greece was hit with waves of pension cuts, spending constraint,
tax increases and bank controls after it was forced to seek its
first bailout in 2010. The economy shrank 25% during the
bailouts.
Since exiting them in 2018, the country has relied solely on the
markets for its financing needs.
The surveillance framework was intended to ensure the continued
adoption of measures to tackle potential sources of economic
difficulty and structural reforms to support sustainable
economic growth.
Greece's emergence from the enhanced surveillance will also
bring closer the country's goal of regaining an "investment
grade" credit rating, Mitsotakis said.
($1 = 0.9966 euros)
(Reporting by Lefteris Papadimas Editing by George Georgiopoulos
and Mark Potter)
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