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Oh come on. https://duckduckgo.com/?q=greece+surplus (1st hit) NY Times: "Greece Has a Budget Surplus, a Respite That Could Be Shortlived" (2nd hit) Reut
by igravious 11y ago
Oh come on.
https://duckduckgo.com/?q=greece+surplus
(1st hit) NY Times: "Greece Has a Budget Surplus, a Respite That Could Be Shortlived"
(2nd hit) Reuters: "Greece sees 2015 budget surplus close to bailout target: report"
and so on ...
- sampo 11y agoGreece had achieved primary surplus, which means surplus before paying interest on debts is accounted for. http://www.merkfunds.com/currency-asset-class/glossary/primary-surplus.html http://www.merkfunds.com/currency-asset-class/glossary/prima...
- nandemo 11y agoYes, and timr was replying to this: > EVEN WITHOUT ANY DEBT PAYMENTS, the country still is running a deficit because they are way over generous on their pensions, So clearly primary surplus is relevant.