Associated Press reports that officials from Greece’s bailout-creditor institutions are in Athens for an inspection of the country’s public finances, as the center-right government is pressing for more lenient budget performance targets.
Athens must achieve a primary budget surplus – that is, the annual balance before debt-servicing costs – of 3.5% of gross domestic product through 2022. But the government wants to end that commitment a year early, arguing that its good record on reforms and historically-low rates on bond markets no longer make the tough target necessary.
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