Dombrovskis on Greek Debt, Primary Surpluses and Growth



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European Commission vice president Valdis Dombrovskis, appeared positive over strong growth rates in Greece in 2017, and meeting deficit and primary surplus targets in questions posed by European parliament vice president Dimitris Papadimoulis, during the Economic and Monetary Policy Committee of the European parliament meeting on Friday.

On the debt, Dombrovskis said that it is part of the negotiations of the second program review and reassured the Commission’s contribution to an agreement. Addressing Dombrovskis, Papadimoulis said “I refer to your statement two days ago in the Eurogroup meeting regarding the primary surplus. On your estimates growth and economy in Greece as well as on the primary surplus for 2017.” He also quoted European Commissioner Pierre Moscovici’s statements that he believes the completion of the second review necessary and possible as well as the agreement for the debt as described in May 2016 with the participation of the IMF and with a decision for short term debt relief measures in 2016.

Dombrovskis said that the Greek economy has already returned to growth. “We expected 0.3 percent recession but also a 2.7 percent economic increase and strong growth in 2017, so the Greek economy is returning to growth.”

(Source: ANA-MPA)


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