Greek pledge as state finances wilt

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Published: Monday 16th March 2015 by The News Editor

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Greece has slipped back into deficit so far this year, according to figures from the Bank of Greece.

But the country’s left-wing Prime Minister Alexis Tsipras ruled out any difficulties in making payments for public sector workers’ salaries or state-backed pensions.

The central bank said the central government cash balance was 684 million euro (£487m) in deficit for the first two months of the year, compared to a surplus of 139 million euro (£99m) in January-February of 2014.

Mr Tsipras’ anti-bailout Syriza party won January 25 elections on a pledge to renegotiate rescue loan agreements, seeking massive debt relief after a six-year recession.

In a newspaper interview, Mr Tsipras renewed government assurances that state salaries and pensions would not be affected by the tough ongoing negotiations with bailout creditors.

Published: Monday 16th March 2015 by The News Editor

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