Stournaras: Greece Soon Returns To Growth

Stournaras: Greece Soon Returns To Growth

According to the Finance Minister Yannis Stournaras, Greece will soon return to growth. Commenting on recent articles concerning an eventual Greek exit from the euro zone, Stournaras said it indicated how crucial that period had been for the country and the big distance traveled by Greece since that day. Stournaras highlighted that there was no other example of a country that achieved something similar to 19.4 pct of GDP in such a short space of time, like Greece did. He also said that Greece is expected to return to positive growth rates after six years of recession, pointing to figures given by ELSTAT on GDP growth in the first quarter of 2014. The finance minister noted that, following the confirmation of the primary surplus by Eurostat, he raised the issue of lightening Greece's debt burden that a recent Eurogroup, based on the decisions of November 2012, adding that any moves in this direction will be made after European bank stress tests are carried out in October.

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