NEWS

Samaras says Greece to return to markets in H1 of 2014

Prime Minister Antonis Samaras said on Monday the country can beat the targets set under its 240 billion-euro International Monetary Fund and euro area bailout program and return to bond markets in the first half of next year.

“Greece is back on investors’ radars,” Samaras said in a speech in Athens broadcast live on state-run NET. “Those people who were betting on a Greek euro exit are now betting on the Greek success story.”

Samaras said stability was gradually returning to the country with borrowing rates dropping and the nation on track to produce a primary surplus.

That would pave the way for Greece to return to markets in the first half of next year, he said.

While difficulties remain for Greece, with unemployment unacceptably high, the country is laying the foundations for a long-term economic recovery, according to Samaras.

Progress on state asset sales and on firing civil servants show the country is “breaking taboos,” he said.

[Bloomberg]