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Greece had achieved primary surplus, which means surplus before paying interest on debts is accounted for. http://www.merkfunds.com/currency-asset-class/glossa
by sampo 11y ago
Greece 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.