Greek recovery forecast

Greek recovery forecast

Greece could see GDP growth of up to 3% by 2013, according the country's prime minister. Lucas Papademos announced this week that the Greek recovery forecast predicts a bounce back from the financial crisis within two years.

Papademos said this will happen if the Greek authorities, including a new government to emerge from elections due in early May, stick to reforms and take additional measures to speed up economic recovery such as introducing job creation schemes. According to Papademos’ words, a large proportion of the recent EU loan will be used to recapitalize Greek banks in order to boost liquidity and provide businesses with support for growth.

Источник: http://greece.themovechannel.com/news/2564c5b9-7123/