Wednesday Jan 28, 2015 Search
Weather | Athens
14o C
9o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Finance Minister says Greece unlikely to need third bailout

Greek Finance Minister Filippos Sachinidis says Greece will not need a third bailout if it sticks to the terms of its second loan agreement.

Speaking to Mega TV on Wednesday morning, Sachinidis also played down the need for further fiscal measures this year.

“If we keep to the pledges we have made, we will not need a third support package and the danger of having to take new measures and make new cuts will be reduced,” he said.

“If everything goes well, we expect and hope that the country will return to growth in 2013,” added Sachinidis, who was appointed last month.

A senior finance ministry official told Kathimerini earlier this week that new measures may be needed this summer. Revenues before tax returns grew by 3.3 percent in March, according to sources, which is exclusively attributed to the restructuring of outstanding debts.

This means that last month’s revenues amounted to 3.5 billion euros, up from 3.4 billion in March 2011. If tax refunds exceed 100 million euros then the comparison year-on-year will be negative.

In a special report on Greece published on Tuesday, Fitch ratings said that despite the public sector involvement, there is still a material risk of a Greek default. It suggested that there would be no substantive recovery in the Greek economy until 2014.

Investment fund PIMCO predicted this week that Greek debt would have to undergo a second haircut.

Sachinidis added in his interview with Mega TV that Greece may sign before the elections, which are due on May 6, an agreement with Switzerland to obtain the details of Greeks who have deposited money there.

The government wants to check whether tax had been paid on this money before it was moved out of Greece.

ekathimerini.com , Wednesday April 4, 2012 (12:53)  
Nobel prize-winning economist says it’s time to buy Greek stocks
Greece to freeze plans to privatize power utility PPC, new Energy Minister says
Greek tourism rise outshines global gains
Dritsas announces cancellation of OLP sale
EU toughens stance after Tsipras names cabinet
A day after Alexis Tsipras became prime minister of Greece, the euro region hardened its rhetoric. Germany and the Netherlands led warnings to the new anti-austerity Greek government about r...
Athens may veto further EU sanctions against Russia
The new Greek government is considering whether to veto further sanctions against Russia over the war in Ukraine, sources told Kathimerini Tuesday, after Athens voiced objections to a joint ...
Inside News
SOCCER
PAOK strikes deal with Portugal´s Ricardo Costa
PAOK announced on Tuesday its agreement with Portuguese international defender Ricardo Costa. The Thessaloniki club added that the player is expected on Wednesday to undergo a medical test a...
BASKETBALL
Basket League favorites survive challenges on the road
PAOK consolidated its position in the top three of the Basket League with a triumph at AGO Rethymnou on Saturday, while Olympiakos and Panathinaikos emerged victorious from their tough away ...
Inside Sports
COMMENTARY
A turn toward responsibility
Whatever is meant to happen with regard to the new government’s negotiations with the country’s partners and creditors will happen swiftly as political correctness and established diplomatic...
COMMENTARY
Greece, where everyone´s a winner
Whether a tradition or simply a bad habit, we have trouble finding a loser in any electoral race, a party leader who will openly concede defeat without trying to mitigate it with excuses. Th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Nobel prize-winning economist says it’s time to buy Greek stocks
2. Greece to freeze plans to privatize power utility PPC, new Energy Minister says
3. EU toughens stance after Tsipras names cabinet
4. Athens may veto further EU sanctions against Russia
5. PAOK strikes deal with Portugal´s Ricardo Costa
6. Greek tourism rise outshines global gains
more news
Today
This Week
1. Athens may veto further EU sanctions against Russia
2. A turn toward responsibility
3. EU toughens stance after Tsipras names cabinet
4. Nobel prize-winning economist says it’s time to buy Greek stocks
5. Greece to freeze plans to privatize power utility PPC, new Energy Minister says
6. Greek Elections 2015: Forming a government, Part 1 | LIVE
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greeks fork out nearly 5 pct of their incomes on telecom services
5. Unsupervised voting
6. QE exclusion a ‘de facto Grexit’
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.