The Economist backs calls for Greek primary surplus targets to be lowered
- Written by E.Tsiliopoulos
The Economist magazine has called on Greece’s creditors to “stop pretending and settle Greece’s finances once and for all”. In an article that has been picked up by all major Greek media outlets, the UK magazine argues that “a new grand bargain is required”, now that “new prime minister, Kyriakos Mitsotakis, is trying to get Greece back on its feet”.
Most notably, according to The Economist, it is unrealistic to demand the Greek economy delivers on 3.5% primary surplus targets. It also backs calls by the IMF to finally offer proper debt relief to Greece, since the country’s economy is still squeezed and in need of fiscal easing.
The magazine comments that Greece’s bailout deal “was designed to look tough in order to be palatable to electorates in the north of Europe, who hate the idea of bailing out southerners, but experts agree that it is wildly unrealistic”.
Related items
-
The Greek Belharra class frigate Kimon enters port: The world's most modern frigate - The ultimate gamechanger
-
"Businessman" arrested carrying weapons in Paleo Faliro: More than six previous arrests for extortion, tax evasion and robbery
-
Countdown to US strike on Iran, Americans evacuate bases in the Middle East for security reasons
-
The background and the dialogues in Mitsotakis’ discussion with farmers, what they gained
-
Greece Launches New Program to Protect Homes from Foreclosure
Latest from E.Tsiliopoulos
- The body found on a Cyprus beach belongs to a missing 56-year-old Russian businessman
- The Greek Belharra class frigate Kimon enters port: The world's most modern frigate - The ultimate gamechanger
- "Businessman" arrested carrying weapons in Paleo Faliro: More than six previous arrests for extortion, tax evasion and robbery
- Countdown to US strike on Iran, Americans evacuate bases in the Middle East for security reasons
- The background and the dialogues in Mitsotakis’ discussion with farmers, what they gained