"If The Fool persists in his Folly he will become wise." - William Blake
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Greek parliament approves 2017 budget projecting return to strong growth
Greek lawmakers approved the country's 2017 budget on Saturday, projecting a return to strong economic growth next year but also imposing a wave of tax hikes and austerity cuts prescribed by its international lenders. Athens estimates its economy will expand by 2.7 percent in 2017, supported by the trickle-down impact of bailout cash inflows and resurgent private demand. It also sees a primary surplus, excluding debt-servicing costs, of 2 percent of GDP. If achieved, it would be the first signs of growth for the recession-battered economy since a short period in 2014. The budget was approved by 152 lawmakers in the ... (full story)
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