Saturday, December 17, 2016

#GREECE: Parliament Passes Austerity Budget; Hopes For 2.7% Growth In 2017

[world politics news]


Greek lawmakers have approved a 2017 budget that projects a return to strong economic growth next year but also impose a wave of tax hikes and austerity cuts prescribed by its international lenders. The government hopes the economy will expand by 2.7% in 2017, supported by impact of bailout cash inflows and resurgent private demand. It also sees a primary surplus, excluding debt-servicing costs, of 2% of GDP.

[FULL STORY HERE]

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