Despite creditors' expectations that Greece will achieve a high primary surplus for 2018, the fiscal room left for Greek to use this year is not enough to completely scrap planned the pension cuts that are due in January 2019, as agreed with the country’s creditors, according to the managing director of the European Stability Mechanism Klaus Regling.
"Italy is not Greece"
Turning to Italy, Regling said the Italian has a current account surplus, with the majority of the Italian debt funded by t...

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