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Image header Agence Europe
Europe Daily Bulletin No. 10691
ECONOMY - FINANCE - BUSINESS / (ae) greece

Stournaras says Greece is on track but needs more time

Brussels, 18/09/2012 (Agence Europe) - On Tuesday 18 September 2012, Greek finance minister Yannis Stournaras said that his country would have a larger-than-expected public deficit in 2012, but was “on track” to make a successful budget adjustment as long as it was given more time. He forecast a primary budget deficit (in other words, not including debt servicing) of 1.5% for the end of 2012, compared with the 1% target laid down in the second bailout from the EU and IMF. He said the gap...

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