The full return of Greece to the markets is deemed highly improbable by German economists, according to the report they submitted to the German Ministry of Economics and Technology.
As indicated in the report, Greece will remain in recession in 2014, unemployment will start to decrease from 2016 and a new bailout package will be necessary.
The report of the seven German economic think tanks mentions specifically that the complete refinancing of Greece through the capital markets seems unlikely due to economic weakness.
It is also stressed that during the reporting period (2015 -16) economic aid will be received from international organizations.
According to their forecasts, Greek economy will remain in recession this year (0.7%), while the recovery will come in 2015 (1.2%). Finally, according to the forecasts of the Greek Ministry of Finance, Greek GDP will grow by 0.6% this year and by 2.9% in 2015.