Eurogroup’s decisions fully meet Greek positions, Finance Minister Staikouras says

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“Today’s decisions fully meet Greek positions and priorities,” Finance Minister Christos Staikouras said late on Monday following a Eurogroup videoconference on the economic response to the coronavirus pandemic.

In particular, Greece has secured fiscal flexibility similar to that applied to all eurozone member-states, as noted by Eurogroup President Mario Centeno.

Asked about fiscal restraints in Greece as a result of post-programme surveillance, he said “we have decided to make full use of the flexibility available to all member-states.”

In this context, the finance minister said there will be no primary surplus target of 3.5 pct of GDP for Greece this year, while spending on countering the effects of the coronavirus will be excluded from fiscal performance calculations. At the same time, officials recognised the need to also exempt costs for tackling the migration problem, Staikouras said.

The finance minister said that additional important measures will be announced in the coming days.

Source: ANA-MPA

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