Exclusive: Greek PM Says Crisis Nearly Over, No More Austerity Needed

 

The Greek economy is just one step away from a recovery but needs debt relief, not further austerity, to overcome its crisis for good, Prime Minister Alexis Tspiras told Euronews in an interview.

Talks between Greece and its international creditors are underway in Athens. But a final deal to unlock badly needed bailout funds remains elusive, as the parties argue over what more Athens needs to do to balance its budget.

On Thursday (April 21), Eurostat data showed Greece had a 2015 primary budget surplus – which excludes debt servicing – that beat the target set in its bailout program.

Athens hopes this will support its stance it can meet its fiscal targets without more of the austerity measures that are deeply unpopular in the country. 

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Source: Euronews