Report: Greece to get extra year to achieve primary surplus

February 9, 2012 04:03


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


ATHENS - Greece will be given one extra year until 2015 to produce a primary surplus of 4.5 billion euros under the terms of a new bailout agreement with the European Union and the IMF, an official at one of the Greek coalition parties said on Thursday.

Previously Athens had to achieve the surplus, which excludes interest payments, by 2014 so this gives the government a little extra breathing space on tackling its budget problems.

Under the deal, the government must also specify additional austerity measures worth 10 billion euros in June for the 2013-2015 period, the party official said, requesting anonymity.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
November 17, 2018
Australian PM urges global leaders to reject protectionism, embrace free trade