



Greece is broadly on track to meet fiscal targets for 2016 set by euro zone creditors and its primary surplus goal for next year is also within reach, European Commission Vice President Valdis Dombrovskis said on Monday.

Dombrovskis spoke to reporters before Monday’s Eurogroup, where the issue of Greece’s progress on its third bailout program was discussed.

“I would say (Greece) is broadly on track,” Dombrovskis said.

“As regards Greece’s fiscal performance, we see that they are likely to meet this year’s fiscal targets and also the preparations for next year’s budget show that the primary surplus target, as outlined in the Memorandum of Understanding — 1.75 percent of GDP — is within reach,” he said.

Meanwhile, while coming to the Eurogroup meeting, German Finance Minister Wolfgang Schaeuble reiterated that there will not be any talks on medium or long term debt relief before the third bailout program is completed in 2018.



