Wednesday May 27, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Stournaras says recovery to come late 2013 if political system holds

Finance Minister Yannis Stournaras says the possibility of a Greek default has not disappeared despite the release of more bailout funding by the EU and IMF and that the coalition government will have to resist social tension next year for the adjustment program to remain on track.

We can make it next year if we can stick to the program agreed with the EU and IMF, Stournaras said in an interview with the Financial Times published on Thuesday. The break would be if the political system finds the situation too difficult to handle.

Stournaras stressed that the government now has to focus on implementing the structural reforms it has agreed with its lenders.

He said the main goals next year are to crack down on tax evasion, meet privatization targets and improve conditions for investors.

The finance minister sees the recession easing towards the end of next year and growth returning in 2014.

There will be a light showing by the end of next year, he told the FT.

It is going to be a very difficult year . . . but if we continue on this track, reduce the budget deficit and also complete measures to improve competitiveness, 2014 and 2015 will be much easier.

ekathimerini.com , Thursday December 20, 2012 (11:17)  
EU funds at risk due to payment halt by the state
Half of Greeks cover their needs from their deposits
Greece reaps 2 billion euros per year from cruise sector
Political, economic instability turns German tourists away
Athens waits to hear EU scheme for refugees
Greece will be looking with interest Wednesday at the news emerging from Brussels, where the European Commissioner for Migration, Home Affairs and Citizenship is expected to announce a plan ...
Parliament starts fresh inquiry into Siemens scandal
Parliament launched its latest inquiry into the Siemens cash-for-contracts scandal on Tuesday, with the head of the previous committee - former PASOK MP Syfis Valyrakis - being called as the...
Inside News
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
SOCCER
Berg brace gives Panathinaikos four-point lead
Panathinaikos beat Atromitos on Sunday and took advantage of the goalless draw between PAOK and Asteras Tripolis to open a four-point gap from PAOK at the top of the Super League play-off mi...
Inside Sports
COMMENTARY
Shame, justice, democracy
Contrary to the urban myth that Greek students are no longer taught Ancient Greek at school, they are both taught and tested on it. This does not mean to say, of course, that the subject is ...
EDITORIAL
Worrying signs in ruling party
Statements made by certain high-ranking SYRIZA officials during the partys central committee assembly on Saturday are a source of concern. It has become blatantly clear by now that a signif...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. AEK Athens returns to top league after financial collapse
2. EU funds at risk due to payment halt by the state
3. Half of Greeks cover their needs from their deposits
4. Greece reaps 2 billion euros per year from cruise sector
5. Athens waits to hear EU scheme for refugees
6. Political, economic instability turns German tourists away
more news
Today
This Week
1. IMF's Blanchard says Greek budget proposals not enough
2. Germany sees progress on Greece, EU officials to confer on Thursday
3. Overhaul planned for car taxation
4. Euro falls to four-week low as Greece deadlock spurs volatility
5. Time running out for Greece, ESM head Regling says
6. Heres a Greek business thats booming: Making test-tube babies
Today
This Week
1. Conspiracy madness
2. National self-awareness put to the test
3. Albanian demarche raises concerns about possible territorial claims over Greece
4. Hotel contracts with a Greek default clause
5. Neither Grexit nor a dual currency will solve Greeces problems
6. Merkel said to plan address for Greece if deal reached
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.