PM Promises Budget Surplus of at Least 1.0 Bln Euro in 2013
Friday, 31 January 2014
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.