Europe's debt crisis is receding farther behind in the rear view mirror.

Led by good news from Greece, the eurozone notched up several key milestones that together indicate stronger government finances amid a modest but increasingly sustainable recovery.

Confirmation from the European Union that Greece has recorded a primary budget surplus -- what's left after interest and debt payments are stripped out -- was a key requirement for the country to get more debt relief from international creditors.

It also came on the same day Portugal completed a successful 10-year debt sale that could be a precursor to it following Ireland and emerging from its own bailout program.

 

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Article: Copyright © 2014, iHaveNet.com

"Greek Milestone Helps Europe Put Crisis In Past"

 

 

 

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