Greek PM Sees Recovery in Sight

Greece will post a budget surplus of at least 1 billion euros ($1.35 billion) in 2013 and return the bulk of that to cash-strapped Greeks, Prime Minister Antonis Samaras said on Thursday, seeking to wrest momentum back from an emboldened leftist opposition.

Samaras, whose two-party coalition has just a three-seat majority in parliament, is under growing pressure as polls show the leftist Syriza party steadily gaining ground against the ruling parties ahead of local and EU elections in May.

Greece’s economy shrank by almost a quarter and unemployment has soared since the country was forced to slash public spending to avoid bankruptcy. Although a six-year-long recession is seen coming to an end in 2014, many Greeks remain angry about the hardship they have endured.


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