Dijsselbloem: “It is a huge thing to ask Greece for a 3.5% primary surplus”

29 November 2016
930 Views

The head of the Eurogroup Jeroen Dijsselbloem argued that European lenders should be “realistic” in the fiscal targets they set for Greece after 2018, when the 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 5 December, when Europe’s Finance Ministers are set to decide for how long Greece should maintain a primary budget surplus – which excludes debt servicing costs – of 3.5% after 2018, when its current program of financial aid expires.

You may be interested

Greece sells 10-year bond issue with record-low interest rate
FINANCE
shares8 views
FINANCE
shares8 views

Greece sells 10-year bond issue with record-low interest rate

Panos - Jan 28, 2021

Greece on Wednesday successfully completed a 10-year syndicated bond issue raising 3.5 billion euros from the market. The interest rate…

Reuters: Strong demand for Greek & Austrian bonds
FINANCE
shares30 views
FINANCE
shares30 views

Reuters: Strong demand for Greek & Austrian bonds

makis - Jan 27, 2021

Strong demand emerged today for bond issues from Austria and Greece, which followed larger Eurozone countries that issued bonds earlier…

Lost city of Alexander the Great is found in Iraq using US spy footage of the area captured in the 1960s!
GREECE
shares22 views
GREECE
shares22 views

Lost city of Alexander the Great is found in Iraq using US spy footage of the area captured in the 1960s!

Panos - Jan 27, 2021

Alexander the Great‘s ‘lost city’ was a magical place where people drank wine and naked philosophers imparted wisdom, ancient accounts…

Leave a Comment

Your email address will not be published.