State Budget Bureau says it favors the need to lower primary surplus targets

The Head of the Greek parliament's Frangiskos Koutentakis on Wednesday said that "the 3,5 pct of GDP surplus target remains reachable but with increased risk".

The State Budget Bureau said it favors the need to lower primary surplus targets, more so due to the fact that the relaxation of monetary policy is not as strongly distributed to Greece as the rest of the euro area member states, because the country continues to lack a "higher investment grade".

In this context, it is pointed out that the emerging slowdown in the European economy is seen as yet another argument for the need to relax primary surplus targets.