Greece determined to show results, Finmin says

Arriving for Eurogroup meeting in Luxembourg on Monday, Greek Finance Minister Evangelos Venizelos underlined Greece’s determination to show results and fulfil its obligations towards its EU partners.

    In statements concerning the draft budget for 2012, Venizelos underlined that this was ambitious since it aimed to produce a primary surplus of 3.2 billion euro for the first time in years.

    Venizelos stressed that Greece had embarked on a powerful programme of fiscal stabilisation over the last two years and that the country, while still hampered by structural problems, was not the eurozone’s scapegoat.

    Greece is a proud country that has the potential to go forward, in spite of the deep recession of 12 percent of GDP in the last three years, Venizelos said.