A month ago today, Greece was also the last of these five countries to cast off the status of "programme country". Greece’s exit from the adjustment programme marks an important milestone. But it would be premature to think of the crisis as over and done with. As I recently said in Athens, there is still work to be done.
Continued structural reforms are needed to accelerate growth, create more jobs, and boost both productivity and wages – not just in Greece but in other euro area countries, too. By the way, we in Germany should not be content to merely ride the wave of the successful labour market and social reforms implemented in the 2000s.