Greece deserved to restructure part of its debt

GREECE (OBSERVATORY) –¬†Greece , which carried out large-scale structural reforms under the pressure of international creditors, deserved to restructure a part of its foreign debt, said Secretary General of the Organization for Economic Cooperation and Development (OECD) Angel Gurria following a meeting with Greek Prime Minister Alexis Tsipras.

OECD predicts that this year the growth of the Greek economy will be 2%, and in 2019 it will reach 2.3%.

The International Monetary Fund and European lenders under the conditions of the transformation provided Athens with 260 billion euros of financial assistance. According to the national statistical office of Greece (Elstat), in 2017 the budget surplus of the country significantly exceeded the targets.

In May this year the Greek parliament adopted a new package of austerity measures. He suggests, in particular, a reduction in pensions from 2019 to 18%. Since 2020, the minimum amount of annual income, not taxed, will go down to 5,681 euros from the current 8,636 euros. According to the Ministry of Finance of Greece, this will allow the country to save about 3.6 billion euros, says Deutsche Welle.