Friday October 31, 2014 Search
Weather | Athens
18o C
13o 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)  
Eurozone inflation up, unemployment steady, Eurostat reports
Greek retail sales rise for third month in a row
Germany’s 10-year bonds decline before euro-area inflation data
Cyprus’s Georgiades bets on economy for Irish-style bailout exit
PSI victims protest in Athens, Thessaloniki
Holders of Greek state bonds staged a protest rally outside the Finance Ministry in Athens on Friday, demanding amends for their substantial losses after the PSI debt restructuring in 2012. ...
Archaeologists find underground vault in Amphipolis tomb
Archaeologists digging at a tomb dating to the era of Alexander the Great in ancient Amphipolis in northern Greece have unearthed an underground vault, the country's Culture Ministry said Fr...
Inside News
BASKETBALL
Obradovic watches Greens thrash his Fenerbahce
The second homecoming of former Panathinaikos coach Zeljko Obradovic, now at Fenerbahce, was not as emotional as last year’s, but it was certainly was the night of an emphatic triumph for th...
SOCCER
Berg returns to add spice to Panathinaikos´s Cup win
The second round of games for the group stage of the Greek Cup produced plenty of interesting games and results in midweek, but it still lags the upset potential that the knock-out stages of...
Inside Sports
COMMENTARY
The judiciary’s responsibility
The reform efforts over the past few years have begun to bear fruit. Greece has improved its standing in the World Bank’s Doing Business rankings, rising 48 positions from 2010 to 61st place...
EDITORIAL
Findings raise eyebrows
An investigation into money transferred to foreign banks by civil servants since 2010, when Greece’s brutal debt crisis erupted, has come up with some striking findings. The checks, which we...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. PSI victims protest in Athens, Thessaloniki
2. Archaeologists find underground vault in Amphipolis tomb
3. Eurozone inflation up, unemployment steady, Eurostat reports
4. Nikos Dendias appointed defense minister
5. Police clear apartment used by rebel monks
6. Greek retail sales rise for third month in a row
more news
Today
This Week
1. Man shot dead, woman injured in Vathis square attack
2. Cyprus’s Georgiades bets on economy for Irish-style bailout exit
3. Germany’s 10-year bonds decline before euro-area inflation data
4. New defense minister to be appointed without reshuffle
5. Greek retail sales rise for third month in a row
6. Traffic accidents rise 1.3 pct in August, year-on-year
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.