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.
You may be interested
Greek fisherman catches largest fish in the world!makis - Aug 23, 2017
Greek fisherman Vagellis Lagonas from Sidirounda, Chios broke the world record for catching the heaviest common dentex. The amateur fisherman…
Greeks cut back on energy and food to pay taxesmakis - Aug 23, 2017
Greek households used 56 million litres less petrol during the first six months of the year, according to data from…
US MPs officially support Cyprus and its rights in the EEZmakis - Aug 23, 2017
The Chairman of the House of Foreign Affairs Committee of the American Parliament, Edward Royce and the Member of the…