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Greek economy will exit recession in 2011, minister says

Δημοσίευση 13 Ιανουαρίου 2011, 12:56 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Greek economy will exit recession  in 2011, minister says
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Greek Deputy Finance Minister Philippos Sahinidis on Wednesday expressed his optimism that the Greek economy will exit a recession this year and return to growth in 2012, while he rejected speculation that the country would be forced into a debt restructuring.

Greek Deputy Finance Minister Philippos Sahinidis on Wednesday expressed his optimism that the Greek economy will exit a recession this year and return to growth in 2012, while he rejected speculation that the country would be forced into a debt restructuring.

In a radio interview, Sahinidis offered an official answer to repeated comments made by Nobel winner professor Nuriel Roubini that Greece would have to proceed with a restructuring of its debt, saying that Mr Roubini was not infallible and his forecasts would be dismissed, while he added that citizens shoud be very cautious when hearing economists expressing views over state debt. Sahinidis reiterated that the government's main goal was to restarting the economy through a different growth model and noted that the government had a vision, a plan with hope and prospect.