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Home News Greek deficit expected to reach 8.5 percent of GDP

Greek deficit expected to reach 8.5 percent of GDP

Published on 03/10/2011

Greeces cabinet met on Sunday to approve a draft budget for next year amid warnings the countrys deficit for 2011 will reach 8.5 percent of GDP. The cabinet also finalised a plan to cut 30,000 civil service positions by the end of 2012.