Wall Street Journal
November 18, 2010
The Greek socialist government Thursday unveiled its final 2011 budget reaffirming its fiscal commitment to international lenders by vowing to cut is budget deficit to 7.4%.
The final version of the budget was submitted earlier to parliament and comes as a high ranking delegation from the International Monetary Fund, the European Commission and the European Central Bank visit Athens for ongoing audits to see if the debt laden country has met its deficit slashing targets.
The Finance Ministry said that the deficit will shrink by €5 billion ($6.76 billion) next year compared with 2010, more than the €2.2 billion deficit reduction targeted in an initial budget draft published last month.
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