NEWS

Parliament's budget office calls for more measured optimism

The budget office of the Greek Parliament has noted in a report that an optimistic outlook might contribute toward stabilizing the economy but that Greece's primary surplus targets should be revised downward as the road toward recovery is still a long one.

In a report made public on Friday, the Parliament office called for talks on debt relief to begin as soon as possible and highlighted the risk of fragmentary implementation of some of the economic reforms in Greece's program.

The report emphasizes that political stability is a prerequisite for a return to growth along with the implementation of a policy that that will curb wasteful spending in the public sector, limit tax evasion and gradually reduce taxes.

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