Wednesday March 4, 2015 Search
Weather | Athens
20o C
11o 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 Greece’s 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 Greece’s 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 Greece’s 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 Union’s 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)  
For Greece, a lesson from Ireland, Kenny says
Election outcome does not cancel Greek commitments, Juncker says
Panousis says no official decision on undocumented migrants
Greek-Turkish diplomacy set to resume after Ankara ´mistake´
ECB glimpse of Cyprus debt shows limits of bank cleanup
There was a time when a Cypriot on a moderate income could take a gamble on foreign real-estate worth more than his life savings. One banking crash, three and a half years of recession and a...
More Germans booking holidays in Greece, tourism chief says
Vacation bookings for Greece among Germans have increased by 12.8 percent compared to last year, according to data presented by the country's tourism chief Andreas Andreadis in Berlin on Tue...
Inside Business
SOCCER
Marinakis fines Olympiakos players
Olympiakos president Evangelos Marinakis on Monday fined the team 500,000 euros for disappointing performances and called on them to make a «sacrifice» to win trophies or leave. "Olympiakos ...
SOCCER
Olympiakos´s Karembeu confident UEFA on top of racism
Olympiakos strategic advisor Christian Karembeu expressed his confidence on Tuesday that UEFA are getting to grips with racism in soccer after suffering abuse during the recent Greek derby a...
Inside Sports
FOCUS
Greek officials have ruffled feathers in Brussels for not having good diplomatic manners
Strapped for cash and under pressure to deliver on reforms, Greece's new radical government has ruffled feathers in Brussels by not respecting the diplomatic niceties of the negotiating tabl...
COMMENTARY
Up the creek without a paddle
One of the issues that dominated the country’s pre-election debate was whether SYRIZA, which eventually won the vote, had worked out a plan B. It was clear from the start that its much-hyped...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. For Greece, a lesson from Ireland, Kenny says
2. ECB glimpse of Cyprus debt shows limits of bank cleanup
3. Election outcome does not cancel Greek commitments, Juncker says
4. More Germans booking holidays in Greece, tourism chief says
5. Panousis says no official decision on undocumented migrants
6. Four-star hotels more profitable than five-star units
more news
Today
This Week
1. Up the creek without a paddle
2. Panousis says no official decision on undocumented migrants
3. Greek officials have ruffled feathers in Brussels for not having good diplomatic manners
4. More Germans booking holidays in Greece, tourism chief says
5. Election outcome does not cancel Greek commitments, Juncker says
6. ECB glimpse of Cyprus debt shows limits of bank cleanup
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. A fierce battle looms
3. SYRIZA feeling the pain
4. The Greek tax drama
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
Advertiser Link
“AMF” PROJECT FINAL CONFERENCE-REGIONAL UNIT OF THESPROTIA
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.