PAPACONSTANTINOU, GREECE BACK ON RIGHT TRACK

George Papaconstantinou said that Greece is back on the right track and hopes to return to bond markets in 2011. The minister believes that the recession will be milder this year, although some risks remain. “Our goal is to finish the year with triple good news: a deficit-reducing effort which is convincing and on target, a structural reform effort which is convincing and fully successful, and a better than expected growth rate “. He went on to say that “these three [goals], I think, will change perceptions, convince those who find it hard to be convinced that we are on the right track and it will make it easier some time in 2011 to return to markets “.