Troika, Govt Near Deal on Primary Surplus, Pace of GDP Fall

Troika, Govt Near Deal on Primary Surplus, Pace of GDP Fall

The government's financial team and the EU-IMF Troika of Greece's creditors on Sunday  reached an agreement on the size of a primary budget surplus at the end of the year and a slightly lower rate of recession, the Athens News Agency - Macedonian Press Agency reported.
The news agency quoted a senior finance ministry official as saying the sides were "close to converging on a small, realistic, sustainable primary surplus," while their estimates on the size of the recession diverged by just 0.1 percentage points.
Senior finance ministry officials estimate the rate of recession at 3.8% of GDP.
The Troika’s initial forecast was for an economic drop of about 4.2%.
According to the same source, Sunday's talks focused mainly on the execution of the 2013 budget and the estimates for the end of the year. The talks on this issue are expected to continue throughout the week.
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.