Prime Minister George Papandreou on April 15 unveiled a roadmap to get Greece out of the crisis, through the presentation of a three-year Medium-Term Fiscal Strategy for 2012-2015.

At the same time, he rejected increasing speculation of early general elections and restructuring of the Greek debt. "What we are presenting today goes beyond just the fiscal dimension. They are the basic points on a roadmap that will lead Greece out of the crisis and to a Greece that is creative," said the Premier, addressing a cabinet meeting and a meeting of his parliamentary group.

The Medium-Term Fiscal Strategy -the details of which will be announced after the Easter holiday- envisages fiscal measures together with an ambitious privatization plan aimed at raising € 26 billion by 2015. As Papandreou said, Greece’s target is to reduce spending to 44% of gross domestic product by 2015 -from 53% in 2009- and to increase state revenues to 43% from 38% over the next four years.

Finance Ministry: Presentation of Medium-Term programme

print this page   send this page