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Greece on the road to recovery and calls to relax austerity measures

James Marlay

Livewire Markets

Greece on the road to recovery and calls to relax austerity measures. From Reuters Greece is expected to return to marginal growth this year after the six-year recession, which has left more than one in four jobless and reduced household incomes by nearly a third. It has staged an abrupt turnaround since nearly going bankrupt in 2012 and almost bringing down the euro with it. It remains the euro zone's most indebted nation, with debt forecast to top 177 percent of economic output this year, but it has largely managed to bring its finances back on track and posted a budget surplus before interest payments last year. Greek Prime Minister Antonis Samaras announced cuts on Saturday to unpopular taxes introduced at the height of Greece's debt crisis, in a bid to show that over four years of austerity are finally nearing an end. Full article here: (VIEW LINK)


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James Marlay
Co Founder
Livewire Markets

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