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Monday, August 12, 2013

Greece beats January-July budget target, helped by EU funds

Public sector employees march during an anti-austerity rally outside the finance ministry in AthensATHENS (Reuters) - Greece easily beat its fiscal targets in the first seven months of the year, propped up by aid from euro zone central banks and European Union funds, finance ministry figures showed on Monday. The central government had a primary budget surplus - before interest payments - of 2.57 billion euros ($3.4 billion). That compares with an interim target for a deficit of 3.14 billion euros, it said. The budget excludes the finances of local authorities and social security organizations. But about half of that 5. ...



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