Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Greek Lawmakers Set Budget Vote to Keep Aid on Course

Dec. 7 (Bloomberg) -- Greek lawmakers will vote on the country’s 2014 budget shortly after midnight, a step toward securing additional aid under an international bailout.

Finance Minister Yannis Stournaras told reporters in Athens yesterday he expects the plan to be approved without surprises. Prime Minister Antonis Samaras’s coalition government controls 154 seats in the 300-seat legislature.

Under a rescue program from the European Commission, International Monetary Fund and European Central Bank, a primary surplus will qualify Greece for additional debt relief. They’ve been locked in talks since September, with the two sides disagreeing over fiscal measures needed for the country to achieve its 2014 budget projections.

The government’s surplus before interest costs will be at least 812 million euros ($1.1 billion) this year, rising to 2.96 billion euros in 2014, or 1.6 percent of gross domestic product, according to the budget, which sees GDP expanding 0.6 percent in 2014 after contracting 4 percent this year. Public debt is seen peaking at 176 percent of GDP this year.

To contact the reporter on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.