News Analysis: Greece' primary surplus beats forecasts, but analysts warn of double-edged sword

Greece's statistical authority ELSTAT announced that Greece had beat previous forecasts, bailout targets, and achieved an impressive primary surplus of 3.9 percent of gross domestic product (GDP) in 2016, according to preliminary data. 
The Greek government sees the improved fiscal data as a significant boost in ongoing negotiations with international lenders to close the second review of the Greek bailout without more austerity measures and agree on the next steps to restore stability and growth.

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