The government will continue to be committed to its targets despite the difficulties, National Economy and Economics Minister Kostis Hatzidakis said late on Friday, welcoming Moody’s raising of Greece’s credit rating from Ba3 to Ba1.
In a statement, Hatzidakis said, “Greece’s credit upgrade by Moody’s, especially by two notches, is not just one more recognition of the government’s fiscal and overall economic policy. It is mostly proof that the government must remain committed to a policy of fiscal responsibility, a policy which – despite difficulties – it will continue to be focused on the targets set and on achieving the respective primary surpluses. We have achieved a lot in the economy the last four years. We are being judged every day, and there is no reason to waste the progress already made. Steadily, we shall continue to combine social sensitivity with economic responsibility.”