Challenges Ahead for Greek Economy: Tax Evasion, Recovery Fund, and Credit Ratings
The Greek economy’s prospects for 2025 hinge on three key areas: tackling tax evasion, efficiently utilizing Recovery Fund resources, and undergoing credit ratings assessments from foreign agencies. The Finance Ministry’s schedule indicates significant developments in the first half of the year, including new tax regulations aimed at increasing revenue from tax compliance efforts. Expectations point towards enhanced credit ratings by foreign agencies as economic growth continues and key reforms advance. Greece plans to submit a significant funding request of 5 billion euros from the Recovery Fund, crucial for ongoing reforms and economic stability.