Reuters/New York Times
April 7, 2011
Greece's 2010 budget deficit will be revised to above 10 percent of GDP, requiring corrective measures to stem spillover effects, a source close to the country's international lenders told Reuters on Thursday.
The government's latest official estimate of last year's deficit was 9.4 percent, while its lenders -- the 'troika' of European Commission, IMF and ECB -- saw it at 9.6 percent. The initial target was about 8 percent of GDP.
"It is clearly above 10 percent," the official close to the troika said after Athens discussed the figure with its lenders during an inspection visit this week.
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