Merkel defends Greek primary surplus targets

Merkel defends Greek primary surplus targets

German Chancellor Angela Merkel on Friday defended the long period of primary surplus targets for Greece, saying they were not a sign of lacking trust in the crisis-hit country but a necessary condition to reduce the level of debt.

“It’s a good compromise,” Merkel was quoted as saying during a press conference.

The German leader also rejected speculation that Berlin had struck a deal with Athens to accept migrant returns in exchange for a delay to a VAT-rate increase on five eastern Aegean islands hit by the refugee crisis.

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