Greece's budget proposals are insufficient to ensure a surplus this year, International Monetary Fund chief economist Olivier Blanchard was quoted as saying on Monday. Blanchard told French financial daily Les Echos in an interview that Greece was supposed to have a 3 percent 2015 budget surplus, but that this goal was probably not realistic at the moment. "Considering that the most recent estimates mention a substantial budget deficit, we need credible measures to transform this into a surplus and maintain this surplus in the future," Blanchard was quoted as saying.
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