Greece to beat fiscal targets again, needs to continue reforms: Centeno

BRUSSELS (Reuters) – Greece is likely to beat its fiscal targets, including the primary surplus, for the third year in a row, but needs to continue the reforms it promised as part of the last bailout program, the chairman of euro zone finance ministers said.

Speaking at a hearing in the European Parliament’s economic committee, Mario Centeno said the outlook for the Greek economy was positive.

“The fiscal performance has been outstanding. Recent data suggests that Greece will overshoot its fiscal objectives for the third year in a row, including the primary surplus target of 3.5 percent,” Centeno said.

“Greece should stay the course and continue implementing sound fiscal policies and growth-enhancing reforms. These are needed to improve the living conditions and prospects of its citizens in a lasting way,” he said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.