Monday, November 20, 2017
 
 
News: Page (1) of 1 - 11/18/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Greece: No new austerity needed for 2011 slippage
Greek FinMin: No new austerity needed to cover 2011 budget shortfall
By The Associated Press

ATHENS, Greece (AP) ' Greece's finance minister says no new austerity measures will be needed to cover the 2011 budget shortfall.

Evangelos Venizelos made the pledge Friday after submitting the debt-crippled country's austerity budget for next year to parliament.

This year's budget deficit is now expected to hit 9 percent due to an enduring recession, slow reforms, and poor tax collection, while the 2012 shortfall is anticipated to be lower than previously thought at 5.4 percent of GDP.



THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

ATHENS, Greece (AP) ' Greece's finance minister says no new austerity measures will be needed to cover the 2011 budget shortfall.

Evangelos Venizelos made the pledge Friday after submitting the debt-crippled country's austerity budget for next year to parliament.

This year's budget deficit is now expected to hit 9 percent due to an enduring recession, slow reforms, and poor tax collection, while the 2012 shortfall is anticipated to be lower than previously thought at 5.4 percent of GDP.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines