Greek economy on track Samaras tells Angela Merkel

Greek Prime Minister Antonis Samaras has told German Chancellor Angela Merkel the Greek economy is on track.

The two met in Berlin with Samaras saying there was no financing hole in the current aid programme for Greece.

Angela Merkel was positive as she considered the next pay out of aide to Greece though her words carried caution.

“I think it’s very important the promises and reform pledges that Greece has given are implemented. And on that basis the next tranche of aid can be paid out. And what I am taking from everything discussed today is that it’s not very easy but its doable,” she told reporters at the post meeting press conference.

The Greek PM responded with a reminder the bailout was a two-way process.

“There will not be a need for a new memorandum or new money. We want to stick by the current programme, by the targets of this programme, by the decisions that have already been taken by the Eurogroup and by the troika. So we are on track. We don’t ask for anything else. We are doing our part of the deal and we believe that everybody should keep doing their part of the deal,” he said.

Athens has confirmed it will emerge from a six-year recession next year and more than doubled its forecast for the budget surplus before interest payments for this year.

Following the meeting German Finance Minister Wolfgang Schaeuble warned Athens not to lower its guard.