Thursday, February 24, 2011

Finmin: Greece will emerge from recession within the year

Greece was currently at the worst point of a recession from which it will begin to emerge within the year, Finance Minister Yiorgos Papakonstantinou said on Thursday as he presented the updated Memorandum for the EU-IMF financial support to the country.




"We are in the midst of the recession, at the worst point, but we will make it because we are following the right path of stability and consistency," he said.






The minister stressed that those doubting the effort had been proved wrong by the results achieved in public finances management in 2010 and urged the opposition parties to take part in dialogue on a medium-term plan for a strategic framework in public finances.




Terming main opposition New Democracy's decision to stay away from this dialogue "incomprehensible", he said that this was a constitutional obligation of the main opposition under the 2010 laws that ND had also voted for in 2010.
 
 
 
source: ANA