Growth re­vi­sion.

Kathimerini English - - Focus -

un­der its new bailout pro­gram. For debt re­lief talks to pro­ceed, Greece needs to im­ple­ment the re­forms it has al­ready passed, en­act fur­ther re­quired mea­sures and pass its first pro­gram re­view, Euro­pean Union Eco­nomic Af­fairs Com­mis­sioner Pierre Moscovici told re­porters in Brus­sels. At that point, he said, author­i­ties can re­view “un­der what con­di­tions the Greek debt will be sus­tain­able” and how to “re­duce the ser­vic­ing of the debt.” Debt re­lief talks should be able to start by the end of Novem­ber if Greece sticks to the sched­ule, Moscovici said.

Greece’s econ­omy grew by 0.7 per­cent in 2014, down from a pre­vi­ous es­ti­mate of 0.8 per­cent re­leased in March, re­vised data from the coun­try’s sta­tis­tics ser­vice ELSTAT showed yesterday. The econ­omy is forecast to con­tract by 2.3 per­cent this year. Econ­omy Min­is­ter Gior­gos Stathakis said last week that the re­ces­sion could be shal­lower as the econo- my will ben­e­fit from strong tourism and a milder im­pact than ex­pected from cap­i­tal con­trols im­posed in late June. Greece also re­vised fig­ures for 2011, 2012 and 2013 gross do­mes­tic out­put, in­cor­po­rat­ing up­dated data and the re­sults of a 2011 cen­sus.

“Who speaks of SYRIZA now?” That was the ques­tion Ir­ish Public Ex­pen­di­ture Min­is­ter Bren­dan Howlin asked as he laid bare the gov­ern­ment’s strat­egy in par­lia­ment to win a sec­ond term in an elec­tion due within months. De­tail­ing the 2016 bud­get in Dublin yesterday, the coali­tion promised fis­cal re­straint and sta­bil­ity, draw­ing a con­trast with the chaos that en­gulfed Greece af­ter SYRIZA won power in Jan­uary. The Ir­ish ad­min­is­tra­tion also promised to fol­low up yesterday’s an­nounce­ments of tax cuts and spend­ing in­creases with more bounty if re-elected.

AUSA 2015. Al­ter­nate De­fense Min­is­ter Dim­itris Vit­sas (cen­ter) opened the Hel­lenic Pav­il­ion at the As­so­ci­a­tion of the US Army’s 2015 An­nual Meet­ing in Washington DC, with Greek Am­bas­sador Christos Panagopou­los, AUSA head Gen­eral Gor­don Sul­li­van, and Si­mos Anas­ta­sopou­los, head of the Amer­i­can-Hel­lenic Cham­ber of Com­merce.

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