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Sunday, April 5, 2015

Economy staring at recession again

The Greek state may be able to service its debt and pay pensions and salaries to civil servants in April. However, the limited progress in negotiations between the government and the official creditors on the conclusion of the economic policy program increases uncertainty, reduces credit availability and adversely affects domestic demand despite less austerity. The economic damage has increased the risk of recession.


READ THE ORIGINAL POST AT www.ekathimerini.com