Brussels, 07/12/2011 (Agence Europe) - On Wednesday 7 December, Greece introduced a cost-slashing budget for 2012 with the aim of cutting the country's deficit from 9% of GDP in 2011 to 5.4% in 2012. Next year's budget therefore raises taxes, cuts civil servants' pay and cuts staffing numbers in the public sector.
The budget also plans to delete some of the debt and was voted through by the Socialist, Right and Far Right coalition government under former central banker Lucas Papademos by...