Greece adopted its first balanced budget in decades. However, the budget is not coordinated with international donors, which have serious doubts about the figures. The inspectors of the European Union, the International Monetary Fund (IMF) and the European Central Bank (ECB) are based on different numbers of.
The so-called troika provides a budget gap of at least 2.5 billion Euro and calls for further austerity measures. The rejects from Athens out of concern for new protests and political destabilization. The negotiations are deadlocked, the left-wing opposition even calls for early parliamentary elections.
Athens need further assistance
Because of unplanned delays want the euro zone finance ministers on Monday set the course for a controversial extension the aid program for Greece. 1.8 billion euros from the program can no longer flow this year is expected because of the delays. The troika sought after reportedly on an extension of six months, while Athens wants only one or two months. Greece is the first Euro-crisis country that does not just drop out of himself from his program
What do you think: Pays Greece’s debt ever go back?
“It’s a historic moment”
The parliament in Athens decided the budget in 2015, after five days of debate in on Monday night. “It is a historic moment,” said Prime Minister Antonis Samaras after the vote. The balanced budget after several decades was the “only way for growth.” 155 MPs voted for the budget of the coalition government of Conservatives and Socialists. 134 deputies voted, says Parliament Bureau against it.
Athens is a balanced budget and three percent primary surplus from. The government also expects an economic growth of 2.9 percent. The unemployment rate is expected to decline from 24.8 to 22.6 percent and decrease the debt by more than six percent to 171 percent of gross domestic product (GDP).
Schäuble is confident about Greece
German Finance Minister Wolfgang Schäuble shows, meanwhile confident that new problems in the Greek public finances can be overcome. If necessary, the expiring at year-end utility of the Europeans had to be extended, the CDU politician said in Brussels discussions with his counterparts of the euro countries. “We have achieved good results in the past few years. I am confident that we will still have a way,” Schaeuble said. But Athens had to stay on the path of reform.
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