Greece's Plea: No More Austerity Under the Bailout Deal

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Greece's economy has met its budget targets and there is therefore no reason for further austerity measures to be imposed as part of a deal with bailout creditors, the government spokesman said Thursday. Greece has been struggling for months to conclude negotiations with its creditors on spending cuts and reforms demanded by European creditors and the International Monetary Fund as part of its third bailout program, The New Zealand Herald reported on an Associated Press story. It hopes to reach an agreement in time for a Monday meeting of eurozone finance ministers. Government spokesman Dimitris Tzanakopoulos noted the country had exceeded its bailout targets for the primary surplus " the budget excluding interest rates " and therefore no further austerity should be imposed on the Greek people. Read more.