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Greek Prime Minister Expects Recovery in 2019

Greek Prime Minister Antonis Samaras has said the debt-ridden country could return to pre-crisis living standards within six years.

“According to most [experts], we will not need a couple of decades, not a couple of generations, but only six years,” he said in a speech.

He was speaking in Rome ahead of talks with EU officials in Brussels.

International lenders are due to conduct a new audit of Greece, where strikes against cuts are under way.

State school teachers walked out on Monday, with thousands attending rallies outside parliament in the capital, Athens, as well as the second city, Thessaloniki.

Greece’s economy has shrunk by 23% since 2008, and international lenders expect it to diminish by a further 4.2% this year.

The country has received two aid packages totalling about 240bn euros (£205bn; $321bn) and will need about 10bn euros more to cover a funding gap.

via BBC [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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