Budget surplus possible for Greece

Greece can achieve a primary budget surplus this year — and growth in 2014 — if it sticks to economic reforms, but a return to bond markets will be challenging, European Central Bank executive board member Joerg Asmussen said in a newspaper interview yesterday.

Budget surplus possible for Greece

Mr Asmussen was in Athens this week to meet senior government officials and take stock of the economy. His visit was overshadowed by speculation of a new bailout for Greece after comments by German finance minister Wolfgang Schaueble.

“Having a low but positive rate of growth next year is achievable, but there must be persistence with reforms,” Mr Asmussen told Greek newspaper Vima.

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