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Commission says Greek data beyond expectations
The European Commission on Wednesday said it felt positive about a recovery of the Greek economy, after Eurostat released its estimates for the country’s Gross Domestic Product in the first quarter of 2013.
Simon O’Connor, a spokesman for EU Commissioner Olli Rehn, speaking to reporters, said that Eurostat’s second estimate for the Greek economy was in line with its first estimate released on May 15 and noted that it included “no surprises”.
He said the Commission’s spring estimates were valid, and underlined that “internal estimates were positively surpassed compared with Eurostat’s report”.
O’ Connor said there were “encouraging developments” in the economic sentiment index in Greece, which rose to five-year highs in May. The EU spokesman added that these figures surpassed the European Commission’s expectations and noted: “We expect good results for the year”.
Source: Athens News Agency