Greek FM: Greek economy in good shape

The inauguration of Greece's six-month presidency of the European Union is set to begin on Wednesday. Greece is hoping to emerge from a gruelling, six-year recession during the presidency, and negotiate a landmark deal with bailout creditors to make its massive national debt sustainable. Greek Finance minister says his country's economy is now in good shape. "We start the EU Presidency with the Greek economy in a good state. 2013 was better than what we expected, not only the financial part, but also in terms of growth, or to put it another way, a recession that was milder than we expected. Today, I do not know if you saw, but spreads of 10-year bonds are below 600 basis points. All this reflects and attests to the positive outcomes that have occurred in the Greek economy over the last financial period." Greek finance minister Yannis Stournaras said.