From Grexit to Grinvest: Greece no longer under creditor supervision in 2018

Q.  Greece has moved from Grexit to ________.
- Published on 11 Sep 17

a. Grinvent
b. Grinvest
c. Grinnovate
d. None of the above

ANSWER: Grinvest
 
From Grexit to Grinvest: Greece no longer under creditor supervision in 2018Greek Prime Minister Alexis Tsipras expressed his belief that the government has managed to change the international community's view on Greece.

The PM was noting that the image of Grexit has been replaced with 'Grinvest'.

In the first half of 2017 the economy growth rate has totalled 0.8 percent, adding that it was expected to rise to 2 percent by the end of year.

In 2017, direct investments have been the highest in a decade, while in 2017 the situation would be even better.

In the first four months the flow of direct investments had totalled 1.4 billion euros ($2.2 billion).

The growth of tourists inflow among positive achievements, saying that it provided nearly 20 percent of revenue and almost 1 million jobs.

The significant increase in unemployment and restoring of agricultural products exports after Russia's embargo, imposed in 2014 as a retaliatory measure to the Western sanctions was also stressed.

Since 2010, when the Greek debt crisis erupted, the European Commission, the European Central Bank, the EU Stabilization Fund and the International Monetary Fund agreed on three loan programs for Greece amounting to 326 billion euros ($344.6 billion).

This was in exchange for wide-ranging economic reforms in the country.

Greek economy is turning around and will no longer be under the supervision of the country's creditors in 2018.

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