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EU lauds Greece on economy ahead of eurozone talks

Retired military and security forces officers protest in central Athens, in November 2015, against planned austerity measures affecting their pensionsThe economy in Greece has performed “substantially better” than forecast in its massive bailout deal, the EU said on Thursday, a day ahead of a key meeting of eurozone finance ministers to discuss the rescue. Greece and officials from the EU, ECB and IMF are locked in crunch talks in Athens to close a review of the 86-billion-euro bailout, in time for talks by the eurozone’s 19 finance ministers in Amsterdam on Friday. This was “indeed substantively better than the (bailout) programme’s fiscal target of a primary deficit of 0.25 percent of GDP for 2015,” European Commission spokeswoman Annika Breidthardt said at a briefing in Brussels.

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