In Athens on Tuesday 2 May, the authorities and institutional creditors of Greece reached an agreement in principle on the detail of the reforms to be applied by Greece post-2018 in order to maintain a primary budgetary surplus (not including servicing the debt) of 3.5% of GDP up to 2021.
“We have white smoke”, said the Greek finance minister, Euclid Tsakalotos. The President of the Eurogroup, Jeroen Dijsselbloem, welcomed this preliminary agreement between the 'institutions' (European...