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PM Tsipras: Greece will test the markets in 2017, full return in 2018

Greece’s prime minister Alexis Tsipras sketched out a path he hopes will finally allow his country to exit its seven-year-old economic crisis, holding out the possibility of positive growth this year and a partial return to the bond markets in 2017.

In an exclusive interview to Reuters, Alexis Tsipras said that government revenues and tourist flows have been strong and that Greece could grow by 0.2 to 0.4 percent this year, well above Eurostat’s forecast for a 0.3 percent contraction.

Asked if he thought Greece could meet or exceed Eurostat’s forecast of 2.7 percent growth for next year, Tsipras noted that it had exceeded the predictions so far this year and said that he expected “the same” for 2017. However, he said this would depend on the messages sent to the financial markets and whether there is a return of foreign investment.

He also said he hoped Greece could within the next six months be included in the European Central Bank’s quantitative easing (QE) program from which it has so far been excluded because of its low credit rating.

Full article with details on German Pressure, Second Program Review and the famous “tie” issue here.

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  1. Well I hope Greece succeeds.
    As a British citizen, I less hopeful of the UK’s Brexit.

    • Giaourti Giaourtaki

      Brexit is getting sabotaged by Visegrad-states, the same nationalistic hunting governments that killed thousands in the Mediterranean through illegally closing Fyromnian border are pissed, want special rights for their citizens slaving in GB and are threatening to veto any deal with London if they don’t get that special status – this will lead to more pogroms