IMF: Greece's primary surplus at 1.5% this year

The IMF foresses a pirmary surplus of 1.5% of GDP this year for Greece in today's report, with which it calls for a reduction of countries' debts.

The Fund's predictions talk of maintaining high primary surprus for the forecoming years, at 4.5% for 2016 and 2017, and 4.2 of GDP for 2018 and 2019.

According to the same estimates, the budget will show a deficit of 2.7% this year, 1.9% for 2015, 0.7% for 2016 and 2017, 0.9% for 2018 and 0.7 for 2019.

The Greek debt will peak this year at 174.7% of GDP (compared to 173.8% last year) and will then drop down to 171.3% in 2015, 162.5% in 2016, 153.7% in 2017, 146.1% in 2018 and 137.8% in 2019.

The Fund also notes that the support of the Greek banking system burdens debt (without recovered amounts) by 24.1% of GDP.

As regards the financing requirements of our country for 2014, the IMF estimates them at 15.8% of GDP, 10.2% for 2015 and 4.5% for 2016.

IMF directs member-states to reduce debt.

Calls upon countries to reduce debts were made by the IMF, warning that deflationary concerns, weak growth forecasts and rising debt costs threaten to once more undermine public finances.

The Fund estimates that developed economies will reduce their deficit at 3.4% of GDP in 2014 from 6.5% at 2009. It underlines, though, that further reductions are needed.

It also warns that european bank stress tests might point out specific countries who might need further state help towards the banking sector.