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Staikouras: "We See the First Signs of Exit from the Crisis"

staikouras_533_355Mr. Christos Staikouras noted that the first signs of escalation of the tax burden are already visible, and this year there were ​​targeted reductions in taxes for the first time.
“We strive for more reductions” Mr. Staikouras said, noting that there will be sustainable primary surplus, the recession is being decelerated and the growth rate of unemployment is being limited, although it still remains a major problem.
Deputy Finance Minister spoke of a few positive signs, which may be not comparable to the sacrifices of the Greek society, though they are a springboard for the continuity of the effort and not for complacency.
“The Greek community is expected to emerge from the prolonged recession, mainly due to the investments’ recovery and the boost of exports” he continued.
He also added that in 2014 the unemployment rate is expected to gradually decline, the primary surplus is estimated at 1.5 % of GDP- without new horizontal cuts the government debt will decrease.
On the issue of long-term debt sustainability, he said that it remains an ongoing issue.

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