Greece is likely to return to economic growth around the middle of next year if the government makes a serious effort to regain financial stability, European Vice President for the euro Valdis Dombrovskis said, according to Reuters. After years of recession, Greece’s economy started growing again by 0.8% in 2014 and the European Commission expected it to expand by 2.5% this year, but a rejection of agreed reforms by the left-wing government of Alexis Tsipras plunged the country back into recession. “We were forecasting 2.5% growth in Greece this year, now we expect a 2.0-2.5% recession,” Dombrovskis told Reuters on the sidelines of the International Monetary Fund’s meetings in Lima.
