Greece, lenders agree on 2016, 2017 baseline on primary surplus

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Greece and international lenders agreed on Monday to baseline scenario projections for a primary surplus in 2016 and 2017 as part of broader bailout conditions still under discussion, a senior government official said. The two sides had agreed on a baseline scenario of a 0.5 percent primary budget surplus in 2016, and a primary surplus of 1.0 percent in 2017, the official said, requesting anonymity.

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