ekathimerini.com | Can Greece and its lenders speak the same language?

ekathimerini.com | Can Greece and its lenders speak the same language?

Speaking to the Wall Street Journal on Thursday, Alternate Finance Minister Christos Staikouras made the point succinctly. “The recession is estimated to be worse than 9 percent in the third quarter of 2012 and around 6.7 percent for the whole of 2012,” he said. «The most impressive element is that the medium-term plan projection, conducted a year earlier, spoke of a 1 percent growth rate for 2012. And instead of that, we’re looking at a recession of about 7 percent. This means that something has to change.”

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