Greece beats a key bailout target for 2016
ATHENS, Greece – Greece's independent statistics agency says the country has posted a high primary budget surplus in 2016, at 3.9 percent of gross domestic product.
The surplus figure published Friday — which tallies excludes debt servicing costs — could provide some relief for the country's left wing government, which is struggling to overcome a disagreement with bailout lenders on unfreezing its rescue loans. The country would need new loans by July, when it faces a spike in its debt repayments.
The primary surplus target set by lenders had been 0.5 percent of GDP.
Finance Minister... read more
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