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.
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