The only way that a discussion on lowering primary surplus targets for Greece can begin is if the country has stronger growth and lower interest rates than those assumed in its debt sustainability analysis, the head of the European Stability Mechanism (ESM) Klaus Regling said on Friday, according to ANA.
“The only way I can see how one could really have a substantive discussion is if growth were to be higher than we assumed in our last debt sustainability analysis and interest rates are in the long run lower. But this is a debate that will only come later next year when we are well into the 2020 budget,” Regling noted in response to questions.
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