Wednesday April 16, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek finance minister sees troika deal by year-end

Greek Finance Minister Yannis Stournaras is optimistic that the government may still come to a deal with the country's international creditors by the end of this month and clinch the disbursement of the next tranche of bailout funding, worth 1 billion euros.

Speaking to CNBC on the sidelines of a meeting of European Union finance ministers in Brussels on Monday, Stournaras said "the milestones seem to be okay so we expect the disbursement of the installment by the end of the year," contrasting with statements earlier in the day by Eurogroup chairman Jeroen Djisselbloem, who said that it would be “very, very hard if not impossible” for the troika’s review to be finalized by the end of the month.

Envoys from the International Monetary Fund, the European Central Bank and the European Commission - collectively known as the troika - were due to return to Athens on Tuesday to continue negotiations with the government, which are expected to focus on the so-called prior actions, or milestones as Stournaras referred to them, that Greece agreed to in exchange for further funding.

The Greek finance chief also struck an upbeat note when asked about the government's projections for the economy next year.

"I'm very optimistic about next year. We're going to have positive growth so we can have... limited [market] access next year, but it will be the first time since 2010 so it will be very important," Stournaras told CNBC.

He was also optimistic about the size of an estimated fiscal gap next year, the size of which his another issue splitting Athens and troika.

"We have a very big output gap, this gap closing slowly. This closing generates growth and driving forces next year will be investment and exports," Stournaras said.

Stournaras reiterated assurances that no additional austerity measures will be taken to cover a possible shortfall.

"I have explained the social limits of austerity measures and this is why we don't want to take further austerity measures," he told CNBC.

ekathimerini.com , Tuesday December 10, 2013 (09:49)  
Golden Dawn MP to face charges for 2005 mugging
Drasi and Recreate Greece say TV channels ignoring them
Minor traffic offenders to get plates back for Easter
Police in Thessaloniki collar two for big debts to state
Euro periphery emerges as haven as bonds rise amid Ukraine feud
The euro area’s higher-yielding government bonds are emerging as a haven from emerging-market turmoil as the prospect of greater stimulus from the European Central Bank underpins demand for ...
Euro periphery emerges as haven as bonds rise amid Ukraine feud
The euro area’s higher-yielding government bonds are emerging as a haven from emerging-market turmoil as the prospect of greater stimulus from the European Central Bank underpins demand for ...
Inside Business
BASKETBALL
Defense lets Olympiakos down at Madrid
Olympiakos played second fiddle to Real Madrid in a rather spectacular game in Spain on Tuesday going down 88-71 to trail 1-0 in the best-of-five quarterfinal series with the Spanish giant. ...
SOCCER
Apollon is relegated, Xanthi to face survival play-off
Apollon followed Aris to the second division and Xanthi will contest a relegation play-off, as the end of the regular season of the Super League on Sunday produced predictable results that a...
Inside Sports
COMMENTARY
Stopping the madness
Greek society is threatened by an overdose of madness and hatred. To be sure, behind the rise of polarization and of extreme – sometimes extremist – views is the harsh reality of the debt cr...
EDITORIAL
Fundamental contradictions
The deep division running through the ranks of the country’s main opposition party regarding the euro and how Greece’s negotiations with its partners and creditors ought to be carried out is...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Golden Dawn MP to face charges for 2005 mugging
2. Drasi and Recreate Greece say TV channels ignoring them
3. Minor traffic offenders to get plates back for Easter
4. Police in Thessaloniki collar two for big debts to state
5. Mayoral candidates´ offices in Athens targeted by vandals
6. Euro periphery emerges as haven as bonds rise amid Ukraine feud
more news
Today
This Week
1. EU struggles to unpick the knot of Russia-Ukraine gas logistics
2. Stormy weather expected in northwest, central Greece
3. Greece to assist search for remains of Turkish pilot
4. University admission exams to commence May 28
5. Bad weather leaves northwest town powerless
6. Illegally claimed pensions cost state over 12.5 million euros
Today
This Week
1. Bomb explodes outside Bank of Greece
2. Time to take a hard look at debt sustainability, says OECD chief
3. For faith and country
4. CCTV footage from Nigrita Prison shows signs of inmate torture [Video]
5. Samaras sees no need for third bailout
6. Car bomb explodes outside Greek Central Bank building, no one hurt [Update]
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.