Reuters
November 25, 2011
Greece's budget deficit will not fall below a key euro zone ceiling in 2014 as planned, if the debt-laden country fails to decide additional austerity measures in June, a set of updated forecasts revealed on Friday.
Assuming no more measures are taken, the budget gap will narrow to just 4.2 percent of gross domestic product in 2015 instead of the 1.1 percent assumed under a previous set of forecasts made in June, the finance ministry data showed.
The new figures are part of the country's updated mid-term fiscal plan for 2012-2015, which was revised to take into account its deeper-than-expected recession and a debt cut plan agreed by its international lenders last month.
More
No comments:
Post a Comment