The European Union’s executive on Wednesday removed Greece from a list of member-states suffering macroeconomic imbalances, for the first time since the Greek financial crisis, while noting that the country lags its EU peers in several key fields including per capita income, employment and labor productivity.
The government in Athens hailed the development as a formal end to the 2009-2018 debt crisis. Prime Minister Kyriakos Mitsotakis said Greece has now “fully restored normality to its economy.”
“This is the official end of any monitoring,” Mitsotakis said in a social media post. “A negative chapter that opened 16 years ago is now closing.”
The European Commission’s spring semester package analyses economic and social developments in each EU country, assesses their implementation of recommendations adopted in 2025 and provides proposals for action in specific policy areas.
“Greece, the Netherlands and Sweden are assessed as no longer experiencing imbalances as their macroeconomic vulnerabilities have declined over the years,” the Commission said. “Italy, Hungary and Slovakia continue to experience imbalances, as their vulnerabilities remain significant. Romania continues to experience excessive imbalances, as its vulnerabilities remain severe.”
