Greece on the 19th, the Central Bank forecast the Greek economy in 2012 will be the fifth consecutive year of recession, the rate of about 4.5 percent until 2013, Greece is expected to resume economic growth.
Greek central bank on the day submitted to the Parliament's monetary policy in the annual report, Greece has only steadfastly implement austerity and reform measures in order to restore economic growth, to get rid of the debt crisis.
The report said that the Greek economy in 2011 recession 6.9 percent annual average unemployment rate of 17.7% is expected in 2012 the unemployment rate will rise further to 19%.
The report said the severe economic recession and high unemployment lead to disappointment and dissatisfaction of the Greek people, but the austerity and reform measures is the only way to restore economic growth. Report that the wage reduction will help reduce the budget deficit, the country's competitiveness and promote economic development.
To help Greece out of the debt crisis, the EU and the IMF to Greece two rescue loans, also asked Greece to implement a series of austerity and reform measures to control the debt at a sustainable level.
Greek central bank on the day submitted to the Parliament's monetary policy in the annual report, Greece has only steadfastly implement austerity and reform measures in order to restore economic growth, to get rid of the debt crisis.
The report said that the Greek economy in 2011 recession 6.9 percent annual average unemployment rate of 17.7% is expected in 2012 the unemployment rate will rise further to 19%.
The report said the severe economic recession and high unemployment lead to disappointment and dissatisfaction of the Greek people, but the austerity and reform measures is the only way to restore economic growth. Report that the wage reduction will help reduce the budget deficit, the country's competitiveness and promote economic development.
To help Greece out of the debt crisis, the EU and the IMF to Greece two rescue loans, also asked Greece to implement a series of austerity and reform measures to control the debt at a sustainable level.
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