Greece’s economy is expected to contract by more than seven percent this year, according to its prime minister.
Antonis Samaras made the gloomy forecast to his party in parliament as international finance officials arrived in Athens.
The so-called Troika team from the EU, European Central Bank and International Monetary Fund are expected to pressure the government to speed up reforms.
Analysts say Greece is behind on its 130 billion euro bailout targets.
Troika officials have told Greece to cut thousands more public sector jobs and privatise several publicly-owned companies.
Hundreds of civil servants marched through Athens shouting: “Enough with the cutbacks”.
“The European Union must change policy because this policy of harsh and one-sided austerity is a dead end. It is driving us to recession and unemployment,” said Kostas Tsikrikas, president of the civil servants union, ADEDY.
“This is clearly theft. This is our wealth, this is our property, these are our pensions. And now they are coming and stealing them from us,” said Panagiotis Vavougios from the pensioners’ civil servants union.
Surprisingly, Samaras told MPs he will return the country to growth within 18 months. He also plans to bring down unemployment to just 10 percent by the end of his four-year term. One in four Greeks are currently out of work.
But Germany has expressed doubts over whether Greece can fulfill its bailout obligations, meaning that Greeks are still some distance away from an optimistic future.
Copyright © 2014 euronewsMore about:
- 1“The Rosetta team” is euronews’ person/people of the year
- 2New era for US-Cuba relations after 18 months of secret talks
- 3Rouble’s plummet sends Russians running to the shops to buy, buy, buy before prices rise
- 4British bookmakers suspend bets on Queen’s abdication announcement
- 5Ukraine aims to apply for EU membership by 2020, says president
- 1Chechen ‘death’ unit fighting with rebels in eastern Ukraine
- 2Thailand’s Princess Srirasmi renounces royal status and will divorce
- 3Italian singer-song writer ‘Pino’ dies on stage
- 4Left-wing extremists run riot in upscale Zurich, Switzerland
- 5NATO joins search for ‘Russian submarine’ off Scottish coast
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Back to School for Romania’s new First Lady | euronews, world news
- 3What will you ask US Senator John McCain? | euronews, world news
- 4Watch: Passengers ‘push-start’ frozen plane in Siberia | euronews, world news
- 5Le Pen: I admire ‘cool head’ Putin’s resistance to West’s new Cold War | euronews, interview
- 6European e-revolution people rise up | euronews, world news
- 7McCain blasts Europe’s approach to Ukraine conflict ‘a joke’ | euronews, the global conversation
- 8Which countries in Europe cause the most air pollution damage? | euronews, world news
- 9Moldova pro-EU parties take narrow lead in elections | euronews, world news
- 10Grenoble: Europe’s first ad-free city | euronews, world news
- 11NATO joins search for ‘Russian submarine’ off Scottish coast | euronews, world news
- 12European Union News | euronews: latest breaking news and headlines about European Union
- 13Obama’s ‘risky’ immigration gamble | euronews, world news
- 14Ukraine reports accident at Zaporizhzhya nuclear power plant | euronews, world news
- 15Crude awakening: Romania’s Black Sea oil and gas finds fuel Europe’s energy hopes | euronews, reporter
- 16Irony as organised crime prosecutor arrested for corruption in Romania | euronews, world news
- 17The American Century comes to an end as China becomes the world’s largest economy | euronews, economy
- 18Belgium’s former queen Fabiola dies at 86 | euronews, world news
- 19Germans demand honour for Turkish woman beaten to death | euronews, world news
- 20Chechen ‘death’ unit fighting with rebels in eastern Ukraine | euronews, world news
Wires > News
- 03:39 CET Palestinian U.N. draft calls for Israel occupation end by 2017
- 02:48 CET U.S., Cuba restore ties after 50 years
- 01:08 CET U.S. charges three in Europe with trying to sell arms to Colombian…
- 00:35 CET Canada PM says Parliament attacker may not have been lone wolf
- 22:46 CET Anger and grief as Pakistan buries students massacred at school
- 22:39 CET Opponent calls for Putin’s exit as Russia slides into crisis
- 22:08 CET Xi’s visit to Macau deals cold deck to VIP gamblers
- 21:53 CET Colombia’s FARC rebels call conditional unlimited ceasefire