A light at the end of the tunnel for Greece?

http://www.bbc.co.uk/news/business-21240558

Six months after taking his new job as Finance Minister, Mr. Yannis Stournaras is now confident that the worst days of the crisis are gone now from Greece. Despite the fact that austerity measures caused much unrest in the country (in fact he has a bullet hole in his office window caused in recent protest against austerity measures) by depriving Greeks from higher wages, work benefits and caused a high increase in unemployment, homelessness and poverty, Mr Stournaras states that leading indicators that push the economy for growth are displaying a positive outlook in the economy, turning it around and pushing for growth. Deposits are coming back to banks, the government is paying its arrears to the private sector and there is a more positive atmosphere in the way the rest of Europe sees Greece. “We are two-thirds of the way towards our target. So people can have hope." The minister stated. However, this contrasts greatly with what is actually being felt on the city streets. Greece´s unemployment rate is now Europe´s highest, at 26.8%, its economy is expected to contract by an estimate of 4.5% in 2013 and current debts stands around 180% of GDP. Although Mr Stournaras criticizes the austerity-driven approaches since he believes they made “Greece cut too much too fast”, he should keep in mind that these measures were necessary for cutting shorter the effects of the crisis in Greece. On top of that, Mr Stournaras should welcome, but not expect, another relief package. People in Europe are also as tired of shouldering the burden of the crisis as Greeks are with austerity measure.