Greek prime minister Alexis Tsipras expressed optimism that the automatic spending cuts mechanism his government will legislate this week will not be used as the country’s economy is firmly on track to growth.
In an interview with Real News newspaper published on Sunday, the Greek premier added that Greece will be able to return to bond markets in 2017 and even exit the memorandum of understanding with international creditors before it expires on 2018.
“If we achieve what we seek for the debt on May 24, we will return to the markets next year,” he told the newspaper. The PM added that moves towards gradually easing the capital controls applied in Greece will intensify as the economy performs better.
According to Greek statistics authority ELSTAT, seasonally adjusted data showed gross domestic product in volume terms decreased by 0.4 per cent in the first quarter of 2016 compared to the fourth quarter of 2015.
To read the full story, please click here.
(Alexis Tsipras photo: EC Audiovisual Service)