Fra Guardian:
Varoufakis: We won’t accept 1% primary surplus
Greece has not, and will not, cave in over its creditors demand for a 1% primary budget surplus this year.
So says finance minister Yanis Varoufakis, in the Athens parliament a few minutes ago.
He told MPs that Greece is standing firm, even though these surplus targets are one crucial area of disagreement. Greece had originally proposed a surplus of just 0.6%, arguing that larger savings would be counter-productive, but then raised it to 0.75%
Varoufakis insisted that rumours that Greece might accept the 1% target, though, are wrong:
“We have not under any circumstances agreed to 1 percent for this year as it was reported.
This kind of approach is part of the problem and not the solution and we are not going to sign this.”
