New York Times
November 15, 2010
Greece’s 2009 public finances were significantly worse than previously thought, the European statistics agency reported Monday, raising the pressure on the government of Prime Minister George Papandreou to make more spending cuts.
Greece’s budget deficit was 15.4 percent of gross domestic product last year, surpassing Ireland to claim the title of worst in the 27-nation European Union, Eurostat reported. In April, Eurostat had estimated the deficit at 13.6 percent of G.D.P. The country’s 2009 debt was 126.8 percent of G.D.P., Eurostat said, up from its April estimate of 115.1 percent.
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