People look at pots on display at a shop in central Athens, Greece, March 22, 2017. REUTERS/Alkis Konstantinidis
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Greece achieved a 2016 primary surplus almost seven times higher than its bailout target, but the International Monetary Fund is skeptical the country can sustain that performance.In spite of its better-than-expected primary surplus last year, the IMF is not convinced Greece will be able to maintain that level of performance for 2018 and beyond.The IMF sees Greece posting a primary surplus in 2018 of 2 percent. With little faith in Greece's ability to consistently deliver a high level of primary surplus, the IMF is insisting that the government implement more austerity measures to achieve and maintain a primary surplus of 3.5 percent of GDP from 2019 and beyond. The parties concerned are still discussing how long Greece needs to maintain the 3.5 percent surplus.
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