Greece hopes for a budget surplus

by on 13/11/2013

ATHENS | Greece is expected to post a budget surplus of about 345 million euros ($463 million) before interest payments this year according to Deputy minister for Finance Mr Christos Staikouras.

Mr Staikouras said that the January-October balance stood at 1.1 billion euros ($1.48 billion). “It seems that the country will meet its national target. Of course, this is due to the enormous sacrifices made by Greeks, unprecedented in post-war Europe,” he said.

Currently Greece is negotiating with troika to resolve a disagreement over 2014 budget cuts and how to ease government protection for distressed mortgages.

But at the same time the leading opposition party SYRIZA describes the negotiations as a sham. In a party statement the stress that “these negotiations with the Europeans are a charade. The government is in fact reciting its loyalty to its lenders. Its goal was and remains the resolute implementation of bailout commitments with no consideration for the social cost.”

Be the first to comment!
Leave a reply »


Leave a Response 

sixteen − ten =