Friday November 28, 2014 Search
Weather | Athens
16o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
'Virtuous circle' in economy

By Katerina Sokou

Poul Thomsen, the head of the International Monetary Funds mission to Greece, expressed on Tuesday confidence that the Greek economy will begin to recover this year, as the impressive fiscal adjustment and market confidence are creating a virtuous circle."

Speaking in Washington, Thomsen added that certain measures due to expire this year will need to be extended to avoid any horizontal measures to cover the fiscal gap the IMF foresees for 2015 and 2016.

He also stressed that Greece may have one of the best debt repayment profiles after the last restructuring, but any further extension of maturities will be welcome."

Thomsen further said the lightening of the debt the eurozone has promised does not necessarily mean a haircut, but that it could come in the form of interest rate reductions and profit transfers.

ekathimerini.com , Tuesday June 10, 2014 (22:24)  
Q3 growth was bigger than thought
Who will pay for the states ADMIE stake?
Christmas budgets slashed due to higher taxes, healthcare costs
Finance Ministry inundated with applications for debt settlement
Venizelos extends invite to Turkey at start of visit
Foreign Minister Evangelos Venizelos arrived in Ankara Friday night for two days of talks. Ahead of his visit he sought to make it clear that Greece is prepared to discuss maritime issues wi...
Vatopedi trial for 14 suspects
The Supreme Court decided Friday that 14 people should stand trial for the notorious property swap between the Vatopedi Monastery and the state six years ago. Those who will face charges of ...
Inside News
SOCCER
PAOK is one win from Europa Leagues last 32
A late brace by Stefanos Athanasiadis gifted PAOK a precious win at Dynamo Minsk on Thursday, meaning that the Thessaloniki team is one win away from graduating from the group stage of the E...
BASKETBALL
First defeat for Olympiakos in Euroleague
Olympiakos suffered its first Euroleague loss of the season going down 89-70 at Laboral Kutxa on Thursday, although the Greek team remains the favorite to clinch the top spot in its pool. Th...
Inside Sports
COMMENTARY
Change of US president wont mean change of foreign policy
Americans have again voted for change in Washington as opposition Republicans take control of both houses of the US Congress. As attention now turns to the 2016 presidential race, it's time ...
COMMENTARY
The presidential election paradox
A few days ago, speaking with a visiting colleague who neither works in Europe nor covers events here, I suddenly felt how much we Greeks take for granted some things that should have worrie...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Venizelos extends invite to Turkey at start of visit
2. Vatopedi trial for 14 suspects
3. New proposals on way to troika
4. Cabbie who carried shooter claims he was threatened
5. Govt urged to allow Syrian refugees to move on
6. Man accused by MP denies kickback claims, ND links
more news
Today
This Week
1. Change of US president won't mean change of foreign policy
2. Greek economy expands 0.7 pct q/q in Q3
3. Child molester suspect photo released by police
4. Lebanese FM: Cyprus may be jihadi transit point
5. Athens water supply 9-month profit falls 45 pct on lower charges
6. Armed man arrested on Thessaloniki campus
Today
This Week
1. Give Greece a chance
2. Extremism from a bygone era
3. Scientists expand excavation of ancient Amphipolis
4. Greece paralyzed by major strike, flights cancelled
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Coscos Greek unit adds multinational rail-freight client
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.