Greece back on track

The Star Early Edition - - WORLD -

BRUS­SELS: Af­ter eight years of toil by the Greek peo­ple, the EU is fi­nally recog­nis­ing that Greece’s bud­get is no longer break­ing the bloc’s rules.

The rec­om­men­da­tion from the EU’s Ex­ec­u­tive Com­mis­sion to close the so-called ex­ces­sive deficit pro­ce­dure on Greece comes in the wake of the sharp im­prove­ment in the coun­try’s pub­lic fi­nances fol­low­ing years of aus­ter­ity.

Pierre Moscovici, the EU’s top econ­omy of­fi­cial, said that this is “a very sym­bolic mo­ment for Greece”.

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