Greece’s Prime Minister Alexis announces £1.2 billion payout to citizens hit by austerity | World | News

Greece’s Prime Minister Alexis announces £1.2 billion payout to citizens hit by austerity | World | News

The money is available because the country has beaten its 2017 bailout target for a primary surplus - which excludes debt servicing costs - of 1.75 pe

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The money is available because the country has beaten its 2017 bailout target for a primary surplus - which excludes debt servicing costs - of 1.75 percent of gross economic output, he said.

Mr Tsipras came to power in 2015 promising to end austerity but was later forced to sign up to a new EU bailout, the country’s third, in exchange for more belt-tightening to keep Greece in the eurozone.

He was re-elected and his term ends in late 2019.

His...

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