ECONOMY - FINANCE - BUSINESS / Greece

Greek primary budgetary surplus was 4.2% of GDP in 2017

Brussels, 23/04/2018 (Agence Europe)

At a press conference on Monday 23 April, Margaritis Schinas, head spokesperson of the European Commission, confirmed that for the third year in a row, Athens had exceeded its budgetary target, registering a primary budgetary surplus (not including servicing the debt) of 4.2% of GDP in 2017, against a target of 1.75% of GDP.

The figures are good news for Greece, which is to exit the third bailout plan in August this year (see other article). Readers may recall that Athens must register an...