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Finance Ministry Reports 1.797 Billion Euro Primary Surplus

Today, the Greek Finance Ministry confirmed a 1.797 billion euro primary surplus, for the first half of 2014.

The Finance Ministry's budget execution report stated that its total primary surplus was 1.8 billion euros between January to June, compared to last year's same timeframe that held a 1.9 billion euro primary deficit, as reported by ANA-MPA. Without the inclusion of the outstanding debt repayment program, the primary surplus amounted to 2.2 billion euros.

Finance Alternate Minister Christos Staikouras described, "We now face a new big challenge. To transform, the soonest possible, stabilization into a dynamic and sustainable growth, with social cohesion. This needs hard work, convergence and a national plan to enable our country to emerge from the steep tunnel it has found itself in during the past few years".