Things are looking up in Greece

Greece to beat its budget targets

Reuters reports that Greece will exceed its primary budget surplus target in 2016, citing a government source.

The government will also forecast 2.7% growth next year as the country ends seven years of economic contraction.

Even with the rebound, Greek debt-to-GDP will fall to 175.8% from 180%. Either way, it's far beyond sustainable and with Greek 10s still yielding 8.2%, it won't improve.

Overall, the Greek economy has contracted nearly 30% since 2008.