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Greece Beats a Key Bailout Target But Faces Hard Choices

Derek Gatopoulos Friday, April 21, 2017

ATHENS, Greece (AP) — Greece has beaten a key bailout target for its public finances, but will still face some painful choices as it tries to negotiate with creditors how much more budget austerity it should impose on its people in coming years.

Greece's independent statistics agency said Friday that the country has posted a high primary budget surplus — that is, excluding debt servicing costs — of 3.9 percent of gross domestic product in 2016. ...

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