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Debt Crisis
Greek Prime Minister Antonis Samaras
Image. ARCHIVES / AFP
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Greece will return to growth next quarter, after six years of recession, assured this Saturday, September 6th Greek Prime Minister Antonis Samaras. And the country will get “in the coming months,” the “official validation” of the viability of its huge debt.
“In the third quarter of 2014, the Greek economy will grow” on a year “for the first time in 24 quarters,” consecutive, said the Prime Minister at the opening of the Thessaloniki International Fair (north) speech.
Budget Greece expects GDP up 0.6% for the whole of 2014 after six years of started in Q3 2008 recession The first two quarters have confirmed an attenuation of the recession (-1.1% and -0.3% on year).
But a strong performance in the 3rd and 4th quarters are essential to achieve this annual target. These promises of growth are essentially based on a record attendance of foreign tourists this year.
Protest in Thessaloniki
At the head of a government of Conservative Socialist coalition, Antonis Samaras also said Greece décrocherait “in the coming months,” the “official validation” of the viability of its huge debt currently 318 billion euros (175.1% of GDP).
In absolute terms, however, it began to “decline slightly”, as Prime Minister, a trend that GDP growth will become clearer in the future, he said. He did not specify what form these assurances about the viability of Greek debt and whether they are linked to measures of relief granted by creditors.
More than 20,000 people, according to police, showed late afternoon in Thessaloniki, demanding an end to austerity policies. Friday night, a first mobilization brought together about 1,500 uniformed. (ats / Newsnet)
Created: 06/09/2014, 9:11 p.m.
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