Setting low targets for primary surpluses is a ‘great success
The lower targets for primary surpluses which the Greek government has succeeded in securing is a big success which opens the way for an exit from the crisis, Alternate Finance Minister Giorgos Chouliarakis said on Wednesday.
Speaking at the parliament’s plenum during the ratification of the report and the 2013 state budget, he said the key to the new program’s success is the lower fiscal targets for the primary surplus which frees the Greek economy from the vicious circle of pro-cyclical fiscal policy and, together with debt restructuring, will allow the recovery and exit from the crisis.
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