Growth is expected to resume in the second half of 2016 and to pick up in 2017 thanks to the return of confidence and the impact of structural reforms. Following stronger than expected public finances in 2015 and the additional fiscal package currently finalised by the Authorities, the general government balance is expected to improve further.
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European Council President Donald Tusk:”During these challenging times, both in terms of geopolitics and economics, we need to make sure that Europe contributes to stability rather than global instability…”
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Greece and the institutions must stick to the agreement reached last July and the country’s program review must conclude as soon as possible, the head of the European Parliament Martin Schulz said yesterday, after a meeting with Prime Minister Alexis Tsipras in Strasbourg.
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Moscovici: “I am very pleased with today’s agreement that will allow institutions’ head representatives to return to Athens tomorrow to continue discussions on the review of the programme.”
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