Greek finance minister: Economic recovery in sight

ATHENS, Greece (AP) — Greece’s finance minister says he believes Greece’s battered economy will begin to recover starting next year, with the country’s massive unemployment rate starting to fall from the end of 2014 onwards.

Speaking in an interview broadcast Thursday morning on state-run NET television, Yannis Stournaras said the government’s aim was to achieve a primary surplus — a surplus without taking into account interest payments on outstanding debt — by the end of this year.

Stournaras says this would allow the country to ask its international creditors for some further debt relief.

Greece has been relying on billions of euros in international rescue loans since mid-2010 after excessive debt and a huge budget deficit left it facing imminent bankruptcy.

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