Greece expects to beat 2014 budget target

first_img Facebook Twitter: @NeosKosmos Instagram Greece said on Wednesday it expected to beat a 2014 budget target set by its international lenders and may tap bond markets again with an issue of between 3 and 6 billion euros to plug any potential funding gap over the next 12 months.Athens sees a primary budget surplus of 2.3 percent of GDP this year, exceeding a target of 1.5 percent of GDP set by the European Union and International Monetary Fund, Deputy Finance Minister Christos Staikouras said.The figures Staikouras announced are part of an updated mid-term budget plan, which the government has submitted for approval to parliament.“The mid-term plan for 2015-18 marks the country’s path towards economic recovery and growth and towards maintaining substantial and sustainable primary budget surpluses,» Staikouras said.Bailed-out Athens has been topping its budget targets and returned to bond markets earlier this month, in a sign of the progress made in fixing its finances after four years of tough austerity measures that wiped out almost a quarter of its GDP and sent unemployment to record highs of nearly 28 percent.The mid-term plan sees Greek real GDP growing by an average 3.3 percent in 2015-2018, leading to an unemployment rate of 15.9 percent by 2018.Greece ended a four-year exile from international bond markets earlier this month with the sale of a five-year bond, and Staikouras said Athens could sell between 3 and 6 billion euros of bonds over the next 12 months.Greece says it will need no third bailout after the two it already received, worth a total 237 billion euros, to cover its 2010-2014 funding needs. Athens’s euro zone lenders are more circumspect and say they are standing by to provide more help if needed.Source: Reuterslast_img read more

Who has never dreamt of travelling all around the

first_imgWho has never dreamt of travelling all around the world seeking out adventures, meeting fascinating new people and making exciting discoveries of all kinds? Who’d turn down a job which involves travelling and helping thousands of other people to travel through incredible stories?AccorHotels has joined forces with the blog ‘Votre Tour du Monde’ – listed as the world’s eighth most important travel blog – with the goal of offering Le Meilleur Stage du Monde (the World’s Best Internship).People often think that a travel blogger spends the whole year on holiday. However, there’s lots of work involved! For this reason, Bruno Maltor, the creator of the blog Votre Tour du Monde, has decided to take on an intern. In doing so, he can continue helping his subscribers to discover the exciting world of travel by training up a talented young newcomer in the unusual profession of blogger and digital nomad.What does this internship involve? During this internship Bruno Maltor will take a talented youngster with him on his trips. All he needs to do is set off to discover the location and the people out there to get the best possible experience. In addition to discovering some amazing places, he will be demonstrating his inventiveness by creating highly original content in the form of articles, videos, and photos while expressing his personality and his vision of the sites visited. His work will be published on the Votre Tour du Monde social networks and on all AccorHotels digital media.It would take few words to sum up this six-month globetrotting internship: AccorHotels and Bruno Maltor are keen to help this talented newcomer enjoy the best possible experience, to ensure that he feels free to work on what he really loves and that he can share all of this with the community which develops.In short, this talented young individual must be connected, creative, daring but above all must display a genuine passion for travel and discoveries of all kinds.last_img read more