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Athens Macedonian News Agency: News in English, 17-03-01
CONTENTS
[01] Greece, creditors, working on mechanism to foresee 2018 primary
surplus target
[01] Greece, creditors, working on mechanism to foresee 2018 primary
surplus target
Greece and its creditors are discussing a mechanism that would allow
both sides to know before April 2019 if the country has achieved or
missed its primary surplus target for 2018, a government official with
knowledge of the ongoing negotiations told journalists on Tuesday.
The mechanism involves a forecast of data on how the year will end,
the official said, without providing more details.
He also said the contingency mechanism already legislated expires in 2018,
after which, if the 3.5 percent primary surplus target is exceeded,
the positive measures taken by the government will be more than the
negative ones. If the economy produces exactly 3.5 percent surplus, the
government will take both positive and negative measures which will be
legislated now, he said.
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