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The Greece continued economic recession ability was a new round of aid pending

"Troika" for the budget targets set by the Greek government for two years the deficit was at least 11.5 billion euros, as a new round of aid conditions. Greece also submitted before the austerity plan of 11.5 billion euros. According to Reuters, Greece plans to sell the office building and construction of Belgrade and other cities from London to institutions abroad, in order to obtain the confidence of the international aid. But creditors are still skeptical about the sustainability of Greek debt.

The current situation is that Greece's public debt to 120.5% of GDP in 2020, this ratio is considered to be the benchmark of a euro-zone country's debt sustainability. In order to achieve this goal, since 2014 the Greek government should ensure that the annual primary surplus accounted for 4.5% of the gross domestic product (GDP). "Troika" assessment that Greece surplus target will not be reached before 2016.
Eurogroup Chairman Juncker said Greece's competitiveness has improved
 
significantly, and has been a significant decline in its payroll costs. He said the euro zone must make every effort to allow Greece to stay; European Central Bank President Mario Draghi has announced express determination to rescue the heavily indebted countries, and funded through the European Central Bank to buy government bonds of heavily indebted countries plan; German Federal Constitutional Court ruled that aims to rescue heavily indebted country's European Stability Mechanism (ESM) did not violate the German constitution, so that this mechanism is recognized in the whole euro area ... for more than a month of good news seems to indicate the debt crisis continues to ease, however around the European debt crisis many fundamentals remained unchanged.



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