Greece pledges swift action on deficit

Author (Person)
Series Title
Series Details 11.12.09
Publication Date 11/12/2009
Content Type

Greece admitted on the 10 December 2009 that swift action was needed to bring the budget deficit under control and rebuild confidence in its bond and stock markets.

George Papandreou, the prime minister, would give details on the 14 December 2009 of how the government planned to cut the budget deficit from 12.7% to 3% of gross domestic product, the eurozone limit.

Related Links
ESO: Background information: Tough words and and hard budgets for eurozone http://www.europeansources.info/record/tough-words-and-and-hard-budgets-for-eurozone/
BBC News, 10.12.09: Greece's debt reaches 300bn euros http://news.bbc.co.uk/1/hi/business/8406665.stm
Kathimerini, 10.12.09: Tough talk on economy http://www.ekathimerini.com/4dcgi/_w_articles_politics_100003_10/12/2009_113195
Spiegel Online International, 11.12.09: 'No One Should Rule Out a Greek Bankruptcy' http://www.spiegel.de/international/europe/0,1518,666531,00.html

Countries / Regions