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Samaras, Greece: GDP at -7% in 2012, stagnation in 2013 and recovery since 2014

The Greek recession bites harder than expected and the 2012 GDP could contract much more than the 4,7% so far estimated by analysts, reaching 7%. Prime Minister Samaras reaffirmed his willingness to continue with the reforms: a response to the comments of the German liberal Roesler, who questioned the renewal intentions of the Athens government

Samaras, Greece: GDP at -7% in 2012, stagnation in 2013 and recovery since 2014

No truce in Athens: Greek GDP could fall in 2012, more than 7% so far estimated by analysts.

Prime Minister Antonis predicts it Samaras, who during a meeting of the parliamentary group of his party, New Democracy, explained that the forecasts could turn out to be excessively optimistic, while on the recovery front the trend reversal of the Greek GDP could not arrive before 2014.

Athens, which is awaiting the visit of the Troika, intends to insist on the reform programme, and if possible accelerate its pace: a response to the comments coming from Germany, where, in an interview on public television Ard, the Minister of Economy and Vice Chancellor, Philipp Roesler, he said he was "more than skeptical" that Athens would be able to implement the required reforms.

The Troika estimates so far predicted a drop in Greek GDP by 4,7% this year and one stagnation in 2013. The Greek prime minister harshly attacked all "those European leaders" who are "sabotaging" Greece's efforts to "stay afloat" and guarantee the country's permanence in the Eurozone. "They are all irresponsible - said Samaras - and, in any case, we will prove them wrong".

 

 

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