Stournaras calls for lower primary surplus target, debt relief measures

PoliticsGreek Politics
Photo by Myrto Papadopoulos []
Photo by Myrto Papadopoulos []

Speaking at a conference of the Confederation of Northern Greece Industries (SBEE), the Bank of Greece (BoG) governor Yannis Stournaras suggested on Friday that Greece’s primary surplus target of 3.5 percent of GDP in 2018 should be lowered to 2 percent.

Stournaras stressed that a lower fiscal target would facilitate a faster return of the Greek economy to sustainable and relatively high growth rates.

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