Stournaras Expresses Optimism for Release of Next Tranche

StournarasThe Greek Minister of Finance, Yiannis Stournaras, in his interview to U.S. network CNBC, expressed optimism for the release of the next installment to Greece, despite the rumours about problems in the negotiations with troika. As he reported, the government won’t proceed with further cuts and measures.

“We continue discussions in order to reach an agreement as soon as possible. We expect the release of the installment by the end of the year,” said Stournaras.

The Greek Finance Minister noted that he is optimistic about the economic progress of Greece. “I’m optimistic about next year. We will have positive growth rates and therefore limited access to markets,  for the first time since 2010, which is very important,” he said.

He also appeared confident about the covering of the fiscal gap. “Greece has a large gap in the field of production, but it is gradually being covered. This will lead to growth while in 2014, the driving forces of the economy will be investments and exports.” he said.

CNBC marked that Greece has recently presented signs of recovery and that the budget of 2014 foresees growth of 0.6%.  As reported, Greece achieved a budget surplus of 812 million euros in 2013, for the first time in the last 10 years, covering one of the conditions set by the creditors for the impairment of debt.

Troika inspectors will return to Athens to assess the country’s progress.