Vladimír Urbánek (Kurzy.cz)
Markets  |  April 15, 2013 15:07:57

Troika: Greece likely soon meet the set targets, gets another 2.8 mld.EUR

Greece was the weekend with inspectors Troika (EU, ECB and IMF) on the current economic development and the provision of other parts agreed to help. The parties agreed to continue economic reforms and the Troika inspectors, Greece probably in the near future meet prearranged targets, which gives room for the approval of the next tranche of aid of 2.8 mld.EUR. According to participants in the economic situation in Greece than in the previous inspection has not changed much. The economy is still a gradual recovery next year. Problematic country for 6 years moves into recession this year and only expected to decline in GDP of about 4.5%. From 2008 to the end of this year, the decline reached a level of about 25%.

Greece has promised to provide further assistance in the form of debt relief this year if he manages to achieve a balanced general government budget balance. According to Greek Finance Minister Jannis Sturnarase wants his country this year to achieve a positive primary balance surplus, which does not include the cost of managing debt and if it happens, it intends to address the eurozone countries to "drastic debt reduction."
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