Confidence will then return, particularly as Greece draws closer to a primary budget surplus.
Mr Stournaras hopes they are deep enough to achieve a primary budget surplus (before making debt repayments) of 1.4% of GDP.
To boost its primary budget surplus (excluding interest payments), the government now includes in its accounts revenue from the Central Bank and the pension system.
Italy, unlike Japan, is also running a primary budget surplus.
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At that point, claim the EU's and IMF's economists, Greece will have returned to growth and reached a primary budget surplus (ie, it will raise more revenue than it spends, before interest).
But he has won praise for his prescriptions for Brazil's economy: low inflation and a hefty primary budget surplus for now and, in time, reform of taxes, labour laws and the money-losing pension system.
The finance minister appeared cautiously optimistic over Greece's economic recovery, saying the government's aim was to achieve a primary budget surplus a surplus without taking into account interest payments on outstanding debt by the end of this year.
Last week, his campaign confirmed that, if necessary, Mr da Silva would be ready to tighten policy and to run a larger primary budget surplus (before interest payments are taken into account) in order to ensure that Brazil can meet its debt obligations.
Next year it aims to achieve a primary surplus - ie a budget surplus, excluding the costs it pays to service its debts.
The primary budget balance (which excludes interest) rose to a surplus of 7% of GDP.
Its primary budget (ie, before interest payments) is in surplus.
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