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After implementing three bailout programs during a decade of severe austerity, Greece will be the euro-area country with the largest fiscal expansion in 2020, according to Moody’s Investors Service. The Greek government, which took office in July, has already voted a package of measures that include reductions in taxes for companies and households. It also aims to renegotiate its primary surplus targets for 2021 and 2022 with European creditors -- a discussion expected to start in the first half of this year.
To contact the reporter on this story: Sotiris Nikas in Athens at snikas@bloomberg.net
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss, Craig Stirling
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