Greece’s Economy Surges Amid Tourism Boom and Restored Market Confidence

Germany’s FAZ reports that Greece’s economy is performing exceptionally well, driven not only by a booming tourism sector but also by restored market confidence. International rating agencies now consider Greece an investment destination, with global giants like Microsoft, Google, and Pfizer establishing operations, alongside German firms such as Fraport, RWE, and Boehringer Ingelheim, CE Report quotes Athens-Macedonian

While other EU economies face recession, Greece is experiencing a "luxury problem," with the 2025 budget projecting a surplus of €13.5 billion—more than double the initial estimate. Approved on Sunday, the state budget reflects Prime Minister Kyriakos Mitsotakis' focus on ensuring economic success benefits citizens.

Key factors behind this economic turnaround include prudent fiscal management by Finance Minister Kostis Hatzidakis, a successful crackdown on tax evasion, and a rising minimum wage set to reach €950. Unemployment, once over 40%, is expected to fall below 10% next year.

Greece has also made remarkable progress in reducing its public debt ratio, projected to drop to 147% by 2025, down from 164% two years ago. Athens even repaid its IMF crisis loan ahead of schedule, positioning itself as a standout performer in economic recovery.