Greece broadly on track with fiscal targets: EU's Dombrovskis
- Wall St. opens lower amid Trump, Brexit uncertainty
- BAT Reaches Deal to Acquire Reynolds American (RAI) for $49 Billion
- Morgan Stanley (MS) Tops Q4 EPS by 17c
- Trump, Brexit uncertainty hit stocks and dollar, gold jumps
- Pre-Open Stock Movers 01/17: (FWP) (CLSN) (GEVO) Higher; (ADHD) (CBK) (UEC) Lower (more...)
European Commission Vice-President Valdis Dombrovskis addresses a news conference at the EU Commission headquarters in Brussels, Belgium, July 27, 2016. REUTERS/Francois Lenoir
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
BRUSSELS (Reuters) - Greece is broadly on track to meet this year's fiscal targets agreed with its euro zone creditors and its primary surplus goal for next year is also within reach, European Commission Vice President Valdis Dombrovskis said on Monday.
Greece is financing itself from euro zone loans under its third bailout deal with the single currency area and to get subsequent tranches, it needs to show it is implementing agreed reforms under a process called a review.
"I would say (Greece) is broadly on track," Dombrovskis told reporters before a euro zone finance ministers' meeting where Greece will be discussed.
"As regards Greece's fiscal performance, we see that they are likely to meet this year's fiscal targets and also the preparations for next year's budget show that the primary surplus target, as outlined in the Memorandum of Understanding -- 1.75 percent of GDP -- is within reach," he said.
(Reporting By Jan Strupczewski; editing by Philip Blenkinsop)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sterling heads for biggest gain versus dollar since 1998
- Iran to operate mobile service network in Syria
- Two weeks into 2017, Mediterranean migrant deaths rise on last year
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!