Greece Extends Surplus As Athens Strives To Please Investors

Greece extended its budget surplus last year, reflecting the leftwing Syriza government’s expectations of a record-busting figure, in the latest sign of Athens pleasing investors after a decade-long debt crisis that took it to the brink of leaving the eurozone. One of the bloc’s poorest members showed a surplus of 1.1 per cent of gross domestic product for 2018, compared with a revised 0.7 per cent for the previous year, and a far cry from its 5.6 per cent deficit of 2015, its statistics office said on Tuesday. Figures published in December for the first 11 months of 2018 had shown that Greece would outperform the year’s target for the primary budget surplus — that is, before paying interest and principal due on public debt — by a much wider margin than previously forecast. Read more