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The Greek government has reached an agreement with international lenders on the issue of the primary budget targets for 2015-2018. That gives hope for a less difficult negotiations.
The primary budget targets are a primary deficit of 0.25% of gross domestic product in 2015, a 0.5% surplus in 2016, a 1.75% surplus in 2017 and a 3.15% surplus in 2018.
The Greek government does not need to implement additional reforms this and the next year.
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