greece to return to growth in 2014
Last Updated : GMT 17:43:26
Arab Today, arab today
Arab Today, arab today

Greece to return to growth in 2014

Arab Today, arab today

Arab Today, arab today Greece to return to growth in 2014

Berlin - AFP

Greece, bailed out by the EU and the IMF and mired in recession for a fifth year, should return to growth from 2014, European Central Bank board member Joerg Asmussen said. \"I expect, following the implementation of the (government\'s) programme to stabilise the public finances, positive growth in Greece from 2014,\" Asmussen told the Rheinische Post in an interview to appear Tuesday. The Bank of Greece estimates the economy will shrink 4.5 percent this year, the fifth the eurozone member state has spent in recession after the collapse of its public finances forced Athens to seek a 2010 bailout from the EU and International Monetary Fund. The aim of the programme, involving a series of stinging austerity measures, is to keep Greece in the 17-nation eurozone, Asmussen said, adding: \"The cost of Greece leaving the eurozone would be incalculable.\" Asmussen, a former German deputy finance minister who took his ECB seat in January, also insisted that the exceptional measures the central bank has taken since the onset of the eurozone debt crisis were temporary. The ECB pumped around one trillion euros ($1.30 trillion) into the banking system in December and February, offering the commercial banks very cheap funds in the hope that they would lend the money and so boost business. There has been some concern, especially in Germany, that such a mountain of cheap cash could instead stoke inflation and speculative activity on the markets rather than genuine economic growth. The ECB recognises the problem but last week head Mario Draghi said it was too early to reverse course just yet given the uncertainties over the economic recovery, which has slowed markedly in the past few months. \"It is important that the ECB\'s exceptional measures be limited in time and nobody should think that just because we offered this sort of funding twice we will offer it a third time,\" Asmussen cautioned.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

greece to return to growth in 2014 greece to return to growth in 2014

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

greece to return to growth in 2014 greece to return to growth in 2014

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Jordanian journalist happy of her career

GMT 17:37 2017 Thursday ,23 November

Jordanian journalist happy of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday