Greece Outside In: As long as Greece has a primary surplus, a threat from the Troika is not credible

As long as Greece has a primary surplus, a threat from the Troika is not credibleCapital.gr (press release)A year ago, Bank of America Merrill Lynch argued that the new program in Greece was based on a picture perfect debt profile. It assumed that Greece would meet its targets and that the rest of Europe would cover any financing gap and address any debt ...