Greece expected to get two more years to achieve fiscal target

BRUSSELS, Nov. 12 (Xinhua) -- Debt-ridden Greece is expected to get two more years to meet its fiscal target, although the country still has to wait for its desperately-needed financial aid, Eurogroup President Jean-Claude Juncker said late Monday.

"The Eurogroup concludes that the revised fiscal targets as requested by Greece and reported by the troika would be an appropriate adjustment for the further path of fiscal consolidation," Juncker said at a press conference after a meeting of eurozone finance ministers.

Under the revised fiscal program put forward by the Greek government, Greece would have to achieve a primary budget surplus of 4.5 percent of gross domestic product (GDP) in 2016, rather than 2014 under the current plan.

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