Sunday October 26, 2014 Search
Weather | Athens
17o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EC confirms Greek primary surplus, paving way for debt talks

The European Commission on Wednesday confirmed Greeceís projected primary surplus of 1.5 billion euros, paving the way for the launch of talks on a lightening of the country's debt and prompting government officials to herald a more optimistic period.

Prime Minister Antonis Samaras hailed the Commission's confirmation of Greeceís once mistrusted statistics, saying it "testifies to the major turnaround that the Greek economy has achieved thanks to the sacrifices of all Greeks." "Gradually we are leaving the crisis behind and founding the future of a new Greece," he said. Finance Minister Yannis Stournaras struck a similar note. "After four very difficult years, Greece has stood on its feet and we can look to the future now with much greater optimism," he told reporters.

Commission spokesman Simon O'Connor said Greeceís primary surplus of 1.5 billion, or 0.8 percent of gross domestic product, is "well ahead of the 2013 target" and showed Greece is "on the right track to heal its finances."

Ahead of the announcement in Brussels, the Greek Finance Ministry put the primary surplus for 2013 at 3.4 billion euros in accordance with the methodology of Eurostat, the European Unionís statistics service, and at 1.5 billion euros, as per the troika's methodology.

The government has pledged to give the bulk of the 1.5 billion euros to low-income households and the unemployed. By Wednesday, more than 312,000 people had applied for a share.

Apart from allowing the government to offer handouts ahead of European and municipal elections at the end of next month, the confirmation of the primary surplus also gives the green light for the launch of talks on debt relief in accordance with a pledge made by eurozone officials in November 2012.

It is thought that Greek officials will raise the issue of debt talks at a Euro Working Group on Thursday in Brussels though the matter is not expected to be formally broached until a summit of eurozone finance ministers on May 5.

ekathimerini.com , Wednesday April 23, 2014 (21:45)  
Samaras pledges action after flash floods in Athens
No court hearings for civil cases
Greeceís lenders seem adamant that govít must act on bailout commitments
Future of Attica trash set to become clearer
Nicosia says reforms are bringing results
Economic reforms in Cyprus are starting to yield results, the government said on Saturday after one credit-rating agency upgraded its rating and a second its outlook for the bailed-out count...
TAIPED waits for green light from Eurostat
Eurostat has frozen the securitization of properties that the Hellenic Republic Asset Development Fund (TAIPED) had been planning. The project, drafted to bring some 400 million euros into t...
Inside Business
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
End of reason, end of humanity
The effects of a slew of new and increased taxes introduced since the start of the crisis were first observed in the wages of those still fortunate enough to have jobs, who saw their take-ho...
EDITORIAL
Banks need to step up
What has been leaked so far regarding the results of the stress tests on Greeceís lenders, which are due to be published on Sunday, appears positive. Greece needs a healthy, private banking ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
†RECENT NEWS
1. Nicosia says reforms are bringing results
2. Samaras pledges action after flash floods in Athens
3. No court hearings for civil cases
4. Greeceís lenders seem adamant that govít must act on bailout commitments
5. Future of Attica trash set to become clearer
6. Policeman admits to murder of his cousin-in-law
more news
Today
This Week
1. End of reason, end of humanity
2. Samaras pledges action after flash floods in Athens
3. Banks need to step up
4. Greeceís lenders seem adamant that govít must act on bailout commitments
5. No court hearings for civil cases
6. Nicosia says reforms are bringing results
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greeceís closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Stop moaning and get in the game
†††Find us ...
††... on
Twitter
†† ††... on Facebook ††
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.