Greece, for the EU Commission sfonderà debt this year … 180 – Milano Finanza

The European Commission cut its growth forecast GDP of Greece for this year and next, respectively, bringing them from + 2.5% to + 0.5% from + 3.6% to + 2, 9%. The whole “provided that there is an agreement with the EU and the International Monetary Fund by June,” says the document of the EU Executive.

This prediction “is significantly lower than the previous year”, stressed Brussels, adding that political uncertainty increased since autumn last year has led to a significant drop in state revenues at the end of 2014 and in the first two months of this year, helping to worsen the budget deficit, which stood at 3.5% in 2014.

The European Commission has estimated for Athens a budget deficit of 2.1% of GDP this year from a surplus of 1.1% of GDP. For next year, however, expected a deficit of 2.2% of GDP from the previous year surplus to 1.6%. The public finances remain a problematic chapter, with the greek public debt that will mark a record this year exceeding the threshold of 180% of GDP (180.2%). In 2016, however, should show a decrease to 173.5%.