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EUROGROUP DECISION SHOWS GREECE'S CREDIBILITY IS BEING RESTORED

FM Stournaras
Finance minister Yannis Stournaras told the parliament’s Economic Committee on Wednesday evening that the eurozone will likely exit recession in the second half of 2013 and that there is a general recognition of the prospects for Greece’s exit from its economic crisis.

Briefing the committee on the outcome of the recent Eurogroup meeting, Stournaras said the decision for disbursement of a dual tranche of financial aid, amounting to 7.5 billion euros, as well a Eurogroup statement that “Greece is quickly regaining competitiveness,” was proof of the country’s credibility being gradually restored.

In addition, on the occasion of European consultations for the banking union, Stournaras noted that the deepening of EMU with a full banking union, was a condition for maintaining the common currency. The minister further questioned whether the main opposition (SYRIZA) wants the country to stay in the eurozone.

SOURCE: ATHENS-MACEDONIAN NEWS AGENCY

Last Updated Thursday, 16 May 2013
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