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Greek Government Finalizes Mid-Term Package

Greek government calls up for the increase of revenue and restrain of expenditure, knowing that it would be forced to reopen the case of...

State Budget Execution Reveals Deficit Widening

Greek Finance Ministry announced that the State Budget deficit is EUR 1,028mn for the period of January-February 2011, compared to EUR 944mn during the...

Government Proceeds with Privatization Program

Starting today, Greek government proceeds with the implementation of its privatization program regarding the sale of government stakes in banks, as well as of...

Budget: Greece Gets Ready For More Austerity in 2011

Greek government Thursday tabled in the nation’s parliament its 2011 Budget that “continues agressive fiscal consolidation effort,” the Ministry of Finance said. The aim is...

Greece Presents Austerity Budget for 2011

The Greek draft 2011 budget announced Monday by the finance ministry aims to cut the budget deficit to 7% of gross domestic product, ahead...

OPAP's Profits Hit by the Crisis

Greek gambling monopoly's profits take a 61 percent hit. OPAP is anticipating a profit cut of 61 percent as a result of a windfall...

FinMin: 2011 'year of hard work'

Next year will be a year of 'hard work' for the government, finance minister George Papaconstantinou said in an interview, referring to the big...

IMF Expert State Greece Could Exit Crisis by 2013

According to an International Monetary Fund economist, Greece could exit its financial crisis by 2013. Poul Thomsen told the newspaper "To Vima" that Greece should strengthen its...