Greece wants clear solution to debt crisis

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THE Greek government is pushing for a clear solution on the Greek debt load issue at the forthcoming EuroGroup meeting on June 15, following the positive revised data the Greek statistics authority ELSTAT released on GDP growth.

The Greek economy grew by 0.4 percent in the first quarter of 2017 compared with the fourth quarter of 2016, ELSTAT announced on Friday, revising upwards a previous preliminary estimate given in May that showed a 0.1-percent decline.

“In comparison with the first quarter of 2016, (the Greek economy) increased by 0.4 percent against the decrease of 0.5 percent that was announced for the flash estimate of the first quarter,” said a ELSTAT statement.

The statistics service attributed the revision of GDP data to the integration of figures not available during the first estimate, which showed a positive trend in many indexes, Greek national news agency AMNA reported.

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