Eurogroup should be ‘realistic’ on Greece’s fiscal targets, says Dijsselbloem

29 November 2016
183 Views

The chair of the Eurogroup of eurozone finance ministers said on Tuesday that European lenders should be “realistic” in the fiscal targets they set for Greece after 2018, when a program of financial aid will end.

“We need to be realistic,” Jeroen Dijsselbloem told the economic affairs committee of the European Parliament, saying that the International Monetary Fund has a point when it says “running a primary surplus of 3.5 percent for a very long time is a huge thing to ask.”

Dijsselbloem’s remarks come a few days before a Eurogroup meeting in Brussels on December 5, when ministers are set to decide for how long Greece should maintain a primary budget surplus – which excludes debt servicing costs – of 3.5 percent after 2018, when its current program of financial aid expires.

You may be interested

The most corrupt countries in the world
WORLD
shares31 views
WORLD
shares31 views

The most corrupt countries in the world

makis - Feb 22, 2018

The Corruption Perception Index (CPI) – a list of the world’s most and least corrupt countries – for 2017 has…

Greek President Pavlopoulos calls on Turkey to abandon aggressive tactics against Greece and EU
POLITICS
shares25 views
POLITICS
shares25 views

Greek President Pavlopoulos calls on Turkey to abandon aggressive tactics against Greece and EU

makis - Feb 22, 2018

The President of the Hellenic Republic, Prokopis Pavlopoulos, sent a clear message to Turkey and FYROM, during his meeting with…

Shock: Pakistani men arrested for the rape of a 13-year-old boy
GREECE
shares42 views
GREECE
shares42 views

Shock: Pakistani men arrested for the rape of a 13-year-old boy

makis - Feb 22, 2018

The local community at Evia, Greece is outraged and shocked after it was revealed that a 13-year-old boy was raped…

Leave a Comment

Your email address will not be published.