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.
With Greece expecting to see the beginning of a recovery later this year, European Union officials said there’s no need for more worker layoffs.
While Greece is seemingly on the road to recovery, its economic outlook over the next decade has deteriorated, the European Commission said in a report on April 25.
There have been 20,210 protests since 2010 against austerity measures attached to two bailouts of 240 billion euros ($330.7 billion) Public Order Minister Nikos Dendias revealed.
Citing a primary surplus, Greece has requested relief from the 240 billion euros it owes international lenders, although what form that would take was unclear.