Economics
Greece Lowers Surplus Targets in Test to Deal With Creditors
- Surplus targets reduced to 2.5%/GDP from agreed 3.5%/GDP
- Relief measures come as confidence vote, EU elections near
Alexis Tsipras,
Photographer: Marlene Awaad/BloombergThis article is for subscribers only.
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Greece’s government has set its annual primary surplus targets to 2.5 percent of gross domestic product from 2020 to 2022, challenging an agreement with its creditors in the euro area and the International Monetary Fund that called for a primary surplus of 3.5 percent.