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ATHENS – Gikas Hardouvelis, the Greek Minister of Fiance, gave his first interview since joining the government this past June. The New York Times reported him responding to his own hypothetical question: “A pessimist would say, ‘Everything is difficult around the world — in Europe, how can you grow?’” His response to himself, the ‘optimist’s reply’ was – although he has not recently been on an unemployment line – “Once you’ve fallen so much, it’s easy to pick up.”

“Mr. Hardouvelis is the first finance minister since the onset of the country’s four-year economic crisis to assume his role in the face of predictions that things will get better rather than worse. The Greek economy, now 25 percent smaller than in 2009, is expected to grow 0.6 percent this year…And because Greece recorded a primary surplus in the spring — a budget in the black before debt repayments — it is eligible to begin exploratory talks with its international creditors about easing its huge debt burden, which stands at 174 percent of gross domestic product,” the Times noted.

The full article can be read through this link:

http://www.nytimes.com/2014/08/30/business/international/seeing-just-one-way-for-greece-to-go-up.html?_r=0

The post Greek FinMin: Only Way to Go is Up appeared first on The National Herald.

Source: The National Herald
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