Τρίτη 11 Νοεμβρίου 2014

Greek Recession Seen Ending in Respite for Samaras

 

Photographer: Konstantinos Tsakalidis/Bloomberg
Antonis Samaras, Greece's Prime Minister.
Greek Prime Minister Antonis Samaras is looking to the economy for some relief.
After his plan to sever the international lifeline keeping the country afloat was shouted down by investors, a return to growth may serve as a reminder of the recovery. The economy probably recorded its first annual expansion in six years in the third quarter, according to the median of seven estimates in a Bloomberg Newssurvey before data on Nov. 14.
Confirmation that Greece has pulled out of its worst recession since World War II may help Samaras follow Ireland,Portugal and Spain out of a rescue program. To do so, he must reverse an increase in Greek sovereign borrowing costs in the past two months driven by renewed political instability and disagreements with euro-area and International Monetary Fund creditors about the pace of structural reforms.

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