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| Eurozone ministers are 'losing patience' with Greece | Eurozone ministers are 'losing patience' with Greece |
| (35 minutes later) | |
| Eurozone finance ministers are losing patience with Greece, said the head of the Eurogroup, Jeroen Dijsselbloem, as the country submitted its 2014 budget. | Eurozone finance ministers are losing patience with Greece, said the head of the Eurogroup, Jeroen Dijsselbloem, as the country submitted its 2014 budget. |
| Greece will exit its six-year long recession next year with 0.6% growth, the budget said. | Greece will exit its six-year long recession next year with 0.6% growth, the budget said. |
| The debt-laden country has received international bailouts since May 2010. | The debt-laden country has received international bailouts since May 2010. |
| At The Hague, Mr Dijsselbloem told a Greek newspaper, the Ta Nea daily, that "many finance ministers of the eurozone are starting to lose patience". | |
| Greece's deputy finance minister, Christos Staikouras, said the country's economy would shrink by 4% this year, below the 4.5% predicted. | |
| He said: "For the first time, the major sacrifices made by the Greek people are paying off, with the first signs of recovery this year. | He said: "For the first time, the major sacrifices made by the Greek people are paying off, with the first signs of recovery this year. |
| "The conditions are being created for Greece's return to international markets within 2014.'' | "The conditions are being created for Greece's return to international markets within 2014.'' |
| Debate | Debate |
| The draft budget, submitted to parliament by Greece's finance minister Yannis Stournaras, is due to be voted on in early December. | The draft budget, submitted to parliament by Greece's finance minister Yannis Stournaras, is due to be voted on in early December. |
| Greece sought bailouts after confidence in its ability to repay its vast debts evaporated, leaving it unable to find sufficient investors willing to lend it money via the bond markets. | Greece sought bailouts after confidence in its ability to repay its vast debts evaporated, leaving it unable to find sufficient investors willing to lend it money via the bond markets. |
| In return for the rescue package, Greece had to restructure its finances, cut public sector pensions and pay, and impose new taxes. | |
| The Eurogroup is made up of the finance ministers from the 17 nations that use the single European currency. | The Eurogroup is made up of the finance ministers from the 17 nations that use the single European currency. |
| The necessary measures Greece needs to take to meet its bailout requirements in 2014 have been debated in Athens by the so-called troika, made up of the International Monetary Fund, European Central Bank and European Commission. | The necessary measures Greece needs to take to meet its bailout requirements in 2014 have been debated in Athens by the so-called troika, made up of the International Monetary Fund, European Central Bank and European Commission. |
| The troika has reportedly been at loggerheads with Greece's government over home repossessions, among other issues. | The troika has reportedly been at loggerheads with Greece's government over home repossessions, among other issues. |
| In a joint statement, the troika said: "Good progress has been made, but a few issues remain outstanding." | In a joint statement, the troika said: "Good progress has been made, but a few issues remain outstanding." |
| They are due to return to Greece in December. | They are due to return to Greece in December. |