IMF reiterates need to lower Greece’s primary surplus target after 2022

The target of achieving a primary surplus of 2 percent of GDP after 2022 offered to Greece by its European lenders at the last Eurogroup meeting must be lowered, the International Monetary Fund’s (IMF) spokesman Gerry rice said on Thursday, during a regular press briefing in Washington.

Rice said the 3.5 percent target Greece has to sustain until 2022 is realistic but then, the number should be lowered to 1.5 percent from the 2 percent agreed in Luxembourg for the period 2023-2060.

He also said the debt sustainability report will be drawn up on the basis of the objectives and parameters (growth rate, primary surplus) that the Fund considers realistic.