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Greek premier promises recovery from 2014

7:52 AM, Sep 7, 2013   |    comments
Greek Prime Minister Antonis Samaras delivers a speech at the opening of the 78th International Trade Fair in Thessaloniki on September 7, 2013. Samaras said he was confident of his country's economic growth in 2014 after six years of recession, mainly due to austerity measures put in place to deal with the Greek debt crisis. AFP PHOTO /Sakis Mitrolidis (Photo credit should read SAKIS MITROLIDIS/AFP/Getty Images)
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ATHENS, Greece (AP) - Greek Prime Minister Antonis Samaras says six years of recession that have plunged Greece into its deepest crisis in many decades will end next year and the country will reach pre-crisis, and probably higher, levels of prosperity by 2020.

Opening up the annual international trade fair in Thessaloniki, Greece's second largest city, Samaras said Saturday the bulk of the effort to get the country out of the crisis has been done and that revenue will exceed spending in 2013, excluding debt repayment.

Samaras says Greece has done its part by achieving the largest ever reduction in the budget deficit and the country's creditors must do theirs by further lightening the debt burden.

 

(Copyright 2013 by The Associated Press. All Rights Reserved.)

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