Thursday, May 9, 2013

 

Economic recovery in sight, according to Greek official


Finance Minister Yannis Stournaras also predicted that the unemployment rate would begin to fall from next year.

ATHENS, Greece — Greece's finance minister says he believes Greece's battered economy will begin to recover starting next year, with the country's massive unemployment rate starting to fall from the end of 2014 onwards.

Speaking in an interview broadcast Thursday morning on state-run NET television, Yannis Stournaras said the government's aim was to achieve a primary surplus — a surplus without taking into account interest payments on outstanding debt — by the end of this year.

Stournaras says this would allow the country to ask its international creditors for some further debt relief.

Greece has been relying on billions of euros in international rescue loans since mid-2010 after excessive debt and a huge budget deficit left it facing imminent bankruptcy.

Date
Labels: , , , ,
Tags : , , , ,

Share

Social

The idea behind the text.
Respect for the truth is almost the basis of all morality.
Nothing can come from nothing.



Popular Topics

Read

Well, the way they make shows is, they make one show. That show's called a pilot. Then they show that show to the people who make shows, and on the strength of that one show they decide if they're going to make more shows.

Like you, I used to think the world was this great place where everybody lived by the same standards I did, then some kid with a nail showed me I was living in his world, a world where chaos rules not order, a world where righteousness is not rewarded. That's Cesar's world, and if you're not willing to play by his rules, then you're gonna have to pay the price.

You think water moves fast? You should see ice. It moves like it has a mind. Like it knows it killed the world once and got a taste for murder. After the avalanche, it took us a week to climb out. Now, I don't know exactly when we turned on each other, but I know that seven of us survived the slide... and only five made it out. Now we took an oath, that I'm breaking now. We said we'd say it was the snow that killed the other two, but it wasn't. Nature is lethal but it doesn't hold a candle to man.

You see? It's curious. Ted did figure it out - time travel. And when we get back, we gonna tell everyone. How it's possible, how it's done, what the dangers are. But then why fifty years in the future when the spacecraft encounters a black hole does the computer call it an 'unknown entry event'? Why don't they know? If they don't know, that means we never told anyone. And if we never told anyone it means we never made it back. Hence we die down here. Just as a matter of deductive logic.