Stournaras to announce five good news for the economy this week

Stournaras to announce five good news for the economy this week

Tax revenues exceeded projections, while the primary surplus of 2013 might reach 1.5 billion euros

Stournaras to announce five good news for the economy this week
Excess in tax collection, surplus greater than 1 billion euros, relaunch of turnover in trade and new loan without onerous conditions are some of the positive aspects of developments in the economy, which the Greek government will raise the next few days and weeks.

The economic team prepares to fight back because as it believes "the achievements of the country and the sacrifices of the Greek people can be underestimated abroad and by the lenders of the country but they should not be disputed by the Greeks themselves."

According to sources, the Finance ministry plans to provide answers with figures on five major fronts:

-  tax revenues in January topped forecasts in the new budget

-  the primary surplus of 2013 is broadened and might reach 1.5 billion euros up to the collection of the last installment of property tax in March
Κλείσιμο

-  in the real economy, the current account balance from July onwards, continues to result in surplus for the first time in decades and is expected to eliminate the deficit

-   the increase in retail sales in November for the first time since March 2010 is considered a precursor to bending the recession in the fourth quarter of 2013

-  the PMI index for processing procurements will exceed, according to information, the 50 units in January for the first time in four years and that indicates an economy entering a recovery phase

The economic team believes the decision of an additional loan to Greece that Berlin indirectly heralds is the "icing on the cake." According to information, the loan will come supplementary because the IMF is planning not to extend its participation in the Greek program after the first eight months of 2014.

 
Greece believes that no new measures are needed because there is already a commitment in the mid-term plan for achieving primary surpluses from 2014 onwards, as that of 2013 came earlier than expected. The Greek government continues to make plans to return to the markets by the end of 2014, and the rate on the 10-year bonds stands at 8.60% in the secondary market.
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