24 percent primary budget deficit before debt service this year

Greece’s Tsipras pleads for debt relief with austere budget

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canada goose outlet shop The draft budget, released as Tsipras delivered his keynote four year policy programme to canada goose factory sale parliament, projected that the economy would stay in recession next year, shrinking by 1.3 percent after a Canada Goose online 2.3 percent contraction in 2015, before returning to growth in 2017. Canada Goose sale canada goose outlet shop

canada goose outlet uk sale Tsipras, whose leftist government was canada goose black friday sale re elected on Sept. 20 after performing a U turn and accepting a bailout of up to 86 billion euros ($96.1 billion) canada goose in return for spending cuts, tax rises and economic reforms under strict external supervision, told lawmakers he would bargain hard for Canada Goose Outlet debt relief. canada goose outlet uk sale

canada goose outlet online The budget contained a total 6.4 billion euros of austerity measures this year and next, of which 4.34 billion will fall in 2016. canada goose outlet online

canada goose outlet online uk Euro zone finance ministers have agreed to discuss a limited canada goose coats debt restructuring, but not writedowns, if Greece successfully concludes a first review of the new bailout programme by the end of this year, which entails passing far reaching reforms of taxation, Canada Goose Parka pensions and public administration. canada goose outlet online uk

canada goose outlet sale Tsipras said the government would pass all the required laws to achieve a successful bailout review and open the door for debt renegotiations, which were crucial for economic recovery. canada goose outlet sale

canada goose outlet canada The prime minister said the government aimed to restore capital market access within 20 months by the first half of 2017 and he expected economic growth to http://www.mycanadagoosejacket.org return by mid next year. Economists say both goals seem optimistic if not impossible. canada goose canada goose clearance sale outlet canada

implementation of the bailout is necessary but it is not enough on its own. We need a web of parallel actions. in the next 20 crucial months to achieve our target of restoring liquidity and regaining market uk canada goose outlet access, Tsipras said.

canada goose outlet store uk SHALLOWER RECESSION? Although government officials are optimistic that this year recession will be milder than projected in the bailout programme, due to an increase in tourism revenues and stronger than expected first half data, any change in economic forecasts will only come when the final budget is adopted in December. canada goose outlet store uk

canada goose jacket outlet Government debt is seen rising to 197.7 percent of gross domestic product in buy canada goose jacket 2016, including Canada Goose Online the new loans. canada goose jacket outlet

canada goose outlet toronto factory The document projected a 0.24 percent primary budget deficit before debt service this year and a surplus of 0.5 percent next. Greece is meant to achieve a primary surplus of 3.5 percent of GDP canadian goose jacket a year from 2018 under the August deal. canada goose outlet toronto factory

Athens wants to conclude the first bailout review and recapitalise its banks as soon as possible, hoping to lure back investors, Tsipras told lawmakers.

canada goose outlet Greek Prime Minister Alexis Tsipras attends a swearing canada goose uk black friday in ceremony of the new deputies that were elected in the September 20 general election, at the Greek parliament in Athens, Greece, October 3, 2015. REUTERS/Alkis Konstantinidis canada goose outlet

official canada goose outlet Diplomats and Greek officials say Tsipras and his Syriza party have decided to stop fighting the creditors for now and comply with the bailout in the quest for early debt relief and a return to economic independence. official canada goose outlet

canada goose outlet reviews Earlier, Finance Minister Euclid Tsakalotos met his euro zone counterparts in Luxembourg to discuss 43 reforms that Athens is meant to enact by mid November to qualify for cheap canada goose uk the next tranche of bailout funds and recapitalisation canada goose store of its banks, severely weakened by deposit flight and capital controls imposed in late June. canada goose outlet reviews

canada goose outlet parka Eurogroup chairman Jeroen Dijsselbloem said after the meeting he believed Athens was now serious about implementing the agreed changes. But it must win canada goose outlet approval for the full package before ministers could move ahead with recapitalising Greece four systemic banks. canada goose outlet parka

canada goose outlet uk Tsipras policy statement was largely devoid of the swagger with which he vowed in January to roll back austerity and cast off dependence on bailout aid. canada goose outlet uk

The more pragmatic re elected leader, who trounced hard left rebels in last month vote, controls 155 lawmakers in the 300 seat parliament and is sure of a confidence vote on Wednesday.

However, some leftists in his Syriza party remain reluctant to accept liberal market reforms of labour law, cuts in welfare and canada goose coats on sale retirement benefits and sweeping privatisation of state assets, setting up tense votes next year.

goose outlet canada With that in mind, Tsipras promised to find ways to ease the buy canada goose jacket cheap social pain that the bailout will entail for the poorest Greeks and vowed to negotiate better terms or find alternative measures for some of the unpopular policies sought by creditors. goose outlet canada

canada goose outlet in usa Those areas included pension reform, the liberalisation of the energy market, restoring collective bargaining and a 23 percent tax on private education, he said canada goose outlet in usa.

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