facebook
twitter
search
search

Greek PM says end of recession is in sight

Sept. 7, 2013 at 12:17 PM

ATHENS, Greece, Sept. 7 (UPI) -- Greek Prime Minister Antonis Samaras says he expects the country's economy to work its way out of the current recession some time next year.

Samaras told an audience at a trade show Friday the ongoing contraction of the Greek economy was slowing and would be "smaller than forecast" this year, and the national budget would show a surplus if interest payments on loans were not added into the numbers.

The BBC said Samaras called on Greece's creditors to take steps to lighten the national debt load in response to the significant reductions made in national spending.

Despite Samaras' optimism, the rest of Greece is pressured by the economy and the austerity program that has been running for about six years. The BBC said another round of protests took place Saturday in support of government workers whose jobs were on the chopping block.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Export-Import Bank ends operations as Congress failed to reauthorize
Islamic State beheads women for sorcery
Obama to expand overtime pay to millions of workers
More than 100 dead in C-130 military plane crash in Indonesia
Judge orders man who shot down neighbor's drone to pay $850