Dom­brovskis: Greece on track with fis­cal tar­gets

Kathimerini English - - Focus -

BRUS­SELS (Reuters) – Greece is broadly on track to meet this year’s fis­cal tar­gets agreed with its eu­ro­zone cred­i­tors and its pri­mary sur­plus goal for next year is also within reach, Euro­pean Com­mis­sion Vice Pres­i­dent Valdis Dom­brovskis said yes­ter­day. Greece is fi­nanc­ing it­self from eu­ro­zone loans un­der its third bailout deal with the sin­gle cur­rency area, and to get sub­se­quent tranches, it needs to show it is im­ple­ment­ing agreed re­forms un­der a process called a review. “I would say [Greece] is broadly on track,” Dom­brovskis told re­porters be­fore a eu­ro­zone fi­nance min­is­ters’ meet­ing where Greece will be dis­cussed. “As re­gards Greece’s fis- cal per­for­mance, we see that they are likely to meet this year’s fis­cal tar­gets and also the prepa­ra­tions for next year’s bud­get show that the pri­mary sur­plus tar­get, as out­lined in the Mem­o­ran­dum of Un­der­stand­ing – 1.75 per­cent of GDP – is within reach,” he said.

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