Greece To Miss Deficit Targets Despite Austerity

Greece to miss deficit targets despite austerity

ATHENS (Reuters) - Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough.

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ASK NEWS:
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  • Greece misses 2014 budget deficit targets
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  • Shares fall as Greece says it will miss deficit targets
    Stock markets have fallen on news that Greece is likely to miss targets to cut its deficit. Athens announced that the 2011 deficit was projected to be 8.5% of GDP, down from 10.5% in 2010 but short of the 7.6% target set by the EU and IMF. The government ...
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  • Greece to miss deficit targets
    Greece is on course to miss the deficit target set in its bailout package. The draft of the 2012 budget, which was approved by the Greek government on Sunday, forecast a GDP deficit of 8.5%, considerably higher than the 7.6% target. In an accompanying ...
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  • Deficit Definition | Investopedia
    DEFINITION of 'Deficit' The amount by which expenses exceed income or costs outstrip revenues. Deficit essentially refers to the difference between cash inflows and ...
    07/27/2015 - 12:05 pm | View Website
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    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    07/27/2015 - 6:28 am | View Website
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    Profile. Greece has a capitalist economy with a public sector accounting for about 40% of GDP and with per capita GDP about two-thirds that of the leading euro-zone ...
    07/27/2015 - 5:09 am | View Website
  • Greece
    Greece, is a country located in southeastern Europe. According to the 2011 census, Greece's population is around 10.8 million. Athens is the nation's capital and ...
    07/26/2015 - 4:38 pm | View Website
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