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Friday, November 9, 2012
Troika assumes 2-year extension of Greek programme: official
BRUSSELS (Reuters) - All analysis made by international lenders of Greece's fiscal adjustment path are done on the assumption that Athens will have two extra years to reach its primary surplus target, but there is no official decision yet, a senior EU official said. "There is no decision on anything yet, but I have reason to believe that the troika (of lenders) has been producing all of its reports and fiscal analyses and adjustment paths on the basis of an additional two years to reach a primary surplus of 4.5 percent of GDP," the official said on Friday. ...
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