Greek Finance Minister Christos Staikouras on Wednesday expressed his contentment with the views of European Central Bank (ECB) President-elect Christine Lagarde concerning the need to review the 3.5 pct primary surplus target for Greece, which she said was “excessive” and put too much pressure on the recovery of the Greek economy, ANA reports.
Lagarde, who is giving up leadership of the International Monetary Fund (IMF) to succeed Mario Draghi as the head of the ECB, suggested that Greece’s commitment to a 3.5 pct of GDP primary surplus target should be reviewed during her hearing before the European Parliament Committee on Economic and Monetary Affairs in Brussels on Wednesday.
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