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Athens News Agency: News in English, 10-11-17

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Gov't finalises 2011 budget

  • [01] Gov't finalises 2011 budget

    (ANA-MPA) -- The Greek government finalised decisions over a 2011 budget plan after a meeting between Finance Minister George Papaconstantinou and EU-ECB-IMF "troika" officials in Athens on Wednesday. The meeting was attended by Lucas Papademos, a former European Central Bank vice-president and currently an adviser to Prime Minister George Papandreou.

    The budget will be tabled to Parliament on Thursday. (ANA-MPA)

    Finance ministry officials said than an additional fiscal adjustment, following an upwards revision of the country‚s fiscal deficit for 2009 and 2010, (ANA-MPA) would be made fully in 2011, with the fiscal deficit expected to be cut from 22 billion euros to 17 billion euros.

    The memorandum, signed with the EU, ECB and IMF, already envisages measures to cut the deficit, worth 9.15 billion euros, with additional measures expected to be included in the new budget, measures aimed to save an additional 3.5-4.0 billion euros. These measures will focus mainly on further cuts in public spending and will not mean more decreases in salaries and pensions, the finance ministry reassured. (ANA-MPA)

    More details on the subscriber's page of APE-MPE | Subscription request form

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