As the year comes to a close, Greece has been working to revise their budget plans to submit to Parliament for review. Not only does the plan show signs that Greece’s economy may be heading out of the recession, it also shows that Greece will have one of the highest surpluses in the Eurozone, of 812 million euro ($1.09 billion). But of course, this addition of money will be directed towards Greece’s debt payments.

This amount of progress has given everyone in the Eurozone that not all hope should be lost for Greece’s economy. Even more efforts and planning are being made to ensure Greece’s return to its original stature.

Greece has been guaranteed two bailouts since its showed signs of recession in 2010. With the improvements the nation has been experiencing, Greece may not need immediate funding. With this progress, hopes for Greece’s return to international markets are high. If Greece’s economy continues to improve, it may be on the way to pursuing debt relief with the EU.

 

Works Cited:

Kakissis, Joanna. "2014 Greece Budget To Contain No Austerity Measures." NPR. 21 Nov. 2013. NPR. 29 Nov. 2013 <http://www.npr.org/2013/11/21/246492064/greece-no-austerity-budget>.