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Greek finance minister: Economic recovery in sight

Yannis Stournaras (right), Greece’s finance minister, says the country is on track to ask for further debt relief.

ALKIS KONSTANTINIDIS /EPA

Yannis Stournaras (right), Greece’s finance minister, says the country is on track to ask for further debt relief.

ATHENS — Greece’s finance­ minister said he ­believes Greece’s battered ­economy will begin recovering next year, with the country’s ­massive unemployment rate ­starting to fall from the end of 2014 onward.

In an interview broadcast Thursday on state-run NET television, Yannis Stournaras said the government’s aim is to achieve a primary surplus — a surplus without taking into­ account interest ­payments on outstanding debt — by the end of this year.

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Stournaras said this would allow the country to ask its ­international creditors for ­further debt relief.

Greece has been relying on billions of euros in international rescue loans since mid-2010 after excessive debt and a huge budget deficit left it facing imminent bankruptcy.

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