Minister: Greece to Return to Growth This Year

After six years of crippling recession, Greek officials are hopeful that the country’s economy will grow in 2014—despite continuing sky-high unemployment and falling prices.

“I feel quite comfortable overall about the prospects of the Greek economy. We’ve succeeded after about six years to establish positive growth,” Kyriakos Mitsotakis, the Greek Minister of Administrative Reform, told CNBC on Thursday.

Greece was first hit hard by the global financial crisis in 2008 and then ran into trouble paying down its debt in 2010. The country was bailed out by the rest of Europe and the International Monetary Fund, but hopes to graduate from its loan program in 2016 without further assistance—just as Ireland and Portugal did this year.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.