After six months of talks and disagreements, Greece reached a
deal with its international lenders last week on the reforms it
needs to implement in the coming years, paving the way for the
conclusion of a crucial bailout review and the disbursement of
vital fresh loans.
But the delays have already hurt economic activity in the
crisis-hit country. The European Commission on Thursday cut its
growth forecast for Greece to 2.1 percent from 2.7 percent this
Government spokesman Dimitris Tzanakopoulos, however, told
reporters that Greece will achieve a primary surplus of 2
percent of GDP this year, versus a 1.75 percent of GDP target.
He also said that talks with the lenders over granting Greece
further debt relief have progressed but there is no agreement
yet over the country's post-bailout primary surplus targets.
Greece's current bailout expires in 2018.
(Reporting by Angeliki Koutantou and Renee Maltezou)
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