Monday, September 5, 2011

To speed up Greece, to trim deficit efforts

Agence France-Presse. Athens

Greece will accelerate their efforts in the next four months agreed an out of control troubled budget deficit that threatens recovery objectives with its creditors to review, the Finance Minister said on Tuesday.

"That we will speed up in the last four months", said Finance Minister Evangelos Venizelos to a gathering of bankers and businessmen on a Greek investment Roadshow in London will be held next month.

"Is a lot at stake in these four months lies." It is a very important time, "the Minister said.

Six months of the year the public deficit rose to 14,69 billion euros ($21 billion) according to the Ministry of finance.

Under a contract with the European Union and the International Monetary Fund, which has a loan of 110 billion euros ($158 billion), to save itself from bankruptcy from the Greece, not the deficit can 16,68 billion for all 2011 or exceed 7,4% of the output.


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| Source: newagebd.com

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