Despite rosy government predictions, the Organisation for Economic Cooperation and Development (OECD) says Greece’s won’t recover this year.
Prime Minister Antonis Samaras’ coalition government this week will disburse a 500-euro so-called “social dividends” to some victims of austerity measures.
Eurozone finance ministers said that Greece’s request for a break from 240 billion euros in international loans won’t be taken up until after summer.
Breaking another vow, Prime Minister Antonis Samaras’ coalition government is going ahead with more cuts to already-devastated pensions, main and auxiliary.
With a primary surplus in hand, Greece is set to ask the Eurozone to approve relief from the 240 billion euros it has borrowed from international lenders.
Four years into a crushing economic crisis, Greeks are feeling a little better about spending what they have left in their pockets.
Greece is still reportedly going to ask its international lenders for a 50-year term to repay 240 billion euros ($330.7 billion) in bailouts.
Prime Minister Antonis said Greece will have a second consecutive record-breaking year for tourism as he outlined plans to keep them coming.
Greece’s finance ministry said a primary surplus will be bigger than expected but the country’s record jobless rate won’t go down markedly for at least four years.
Volunteer gardeners from countries around Europe visited Thessaloniki to help local urban planting initiatives set up help residents hit by the country’s financial crisis.