According to a Greek draft budget submitted to the Greek parliament on Monday, the Greek economy will contract this and next year. The Greek economy is expected to contract 2.3% in 2015 and 1.3% in 2016.

The primary budget target is expected to be a deficit of 0.25% of gross domestic product in 2015 and a surplus of 0.5% in 2016, according to a draft budget.

The Greek unemployment rate is seen to rise to 25.8% in 2016 from 25.4% this year.