Varoufakis: Gov't will propose reduction of primary surpluses to 1-1.5 pct of GDP
The Greek government will propose the reduction of the primary surpluses to 1-1.5 percent of GDP, Finance Minister Yanis Varoufakis told New York Times in an interview.
Our task, the minister said, is not to get the remaining 7 billion euro loan tranche from the current programme, which would be merely "kicking the can down the road" but to "rethink the whole programme."
"All we're asking is for," he said, "is an opportunity to put together a proposal that will minimize the costs of Greece's loan agreement and give this country a chance to breathe again after policies that created massive social depravity."
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