PM Promises Budget Surplus of at Least 1.0 Bln Euro in 2013

PM Promises Budget Surplus of at Least 1.0 Bln Euro in 2013

Greece will post a budget surplus of at least 1.0 billion euro in 2013, making it eligible for more debt relief and allowing it to divert 70% of the surplus to the people, prime minister Antonis Samaras said, as quoted by Reuters.
Reacting to speculation that the country could be headed for early elections, Samaras also promised to see out his term through 2016, Reuters said.
Samaras's comments came as Greek think-tank IOBE projected that the country’s economy may contract slightly this year even though the recession will bottom out. 
By contrast, Samaras's government expects 0.6% economic growth this year.
IOBE also warned of growing political risk as Samaras's government remains locked in protracted negotiations with the troika of international lenders for the next loan tranche and faces pressure from its leftist rivals.
"There must be a minimum of political consensus on the course the country must follow, both among political parties and social partners, for the economy to get on the path of irreversible growth," the think-tank commented.
 
Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.