+++ +++ Greece Crisis: Greece’s economy is recovering faster than … – ABC Online

Updated Friday, 04.15.2016, 16:27

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Greece gets under the 3rd aid package total of 86 billion euros. Of the country needs at least ten billion for its ailing banks. But the government is still hesitating with the required reforms. The Greeks thriller Ticker.

Greece’s economy is recovering much faster from the severe crisis than expected. Last year, the gross domestic product (GDP) had shrunk “to only 0.2 percent,” wrote the Greek Prime Minister Alexis Tsipras in a commentary in the “Financial Times” (Friday). The “Handelsblatt” reported, citing information from EU diplomats over a decline of 0.3 percent.

In the summer of last year were the international donors in the country, even by a decline in economic output in 2015 2 7 percent assumed. Based on this expectation, the third aid program for Greece was decided last July.

The European Statistical Office Eurostat will release the economic growth data on Thursday. Until then, most only slight differences are possible, said an EU diplomat said the “Handelsblatt”.

Greece can achieve savings goals

The European Commission considers it based on the new GDP According to figures the newspaper report feasible that Greece achieved the agreed in the third aid package savings goals. The government in Athens had committed to achieve in 2018 a primary surplus (excluding debt service) of 3.5 percent of GDP. The International Monetary Fund (IMF) holds a primary surplus of 3.5 percent in 2018 against it for completely unrealistic and speaks of only 1.5 percent.

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The IMF warns of stringent reforms in Greece and is pushing to grant the country again significant concessions in the debt service. The latter is badly received at Federal Finance Minister Wolfgang Schaeuble and other euro countries.

At the meeting of finance ministers and central bankers of the 20 leading industrial and emerging countries (G20) in Washington is the Greek crisis on the agenda. Finally, the negotiations between the government in Athens and international donors on further financial assistance to the ailing euro zone were stalled.

The company aims to save 5.4 billion euros. Pensions are cut, new indirect taxes imposed and privatization be accelerated. But the IMF still wants more austerity measures. In Athens circulating various solutions. From Treasury circles seeps through for days, you could freeze the Greek interest. In addition, one could limit the maximum amount that the Greeks have to pay in the future to abzustottern their debts every year to 15 percent of gross domestic product.

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Overview: +++ +++ Greek crisis

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• Greeks praise "very good atmosphere" of the talks in Athens
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• Varoufakis called Greek crisis as a "financial war"
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• creditors of Greece arrived for talks in Athens
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• CDU Vice Strobl:" The Greek has now long enough annoyed "
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