Brussels gave an ultimatum to Athens

Brussels has made a serious warning to Greece because it provided „unreliable“ statistics about the state of the Greek economy.

Eurogroup and the European Commission are urged Greece to take urgent steps to reduce its huge deficits and debt, announced today the newspaper Kathimerini.
„In Greece, have been unrealistic estimates in previous years, the issue is serious, is the opinion of Brussels.
C. Ta Nea „states that“ Brussels has given an ultimatum to Greece „to solve your problems with the budget deficit and public debt. Measures should be taken until the end of the year. „The game is over to Greece, Europe wants kruti measures,“ added the newspaper. Request of Brussels in the 2010 budget to be taken immediate steps to begin reducing the deficit, which is outside the norms and amounts to 12 per cent of GDP.
„The economic team of the new Greek government was subjected to a critical test,“ commented the newspaper Nicky. Finance Minister George Papakonstantinu yesterday in Brussels to try to persuade European partners to provide one year deferral of Greece to reduce its budget deficit to eurozone valid for three percent of GDP and its public debt, which exceeds 110%. V. „Vima“ states that the Greek Minister seek opportunities to obtain from Brussels „credit time“ to enable the new government of Papandreou to adjust public finances of the country.
According to the paper hopes in this direction were given by European Commissioner for Economic and Monetary Affairs Joaquin Almunia and head of the European Central Bank Jean-Claude Trichet, who had spoken with the Finance Minister Papakonstantinu. C. Ethnos „alarms that large insurance funds in Greece urgently seeking a loan of money for salaries and pensions by the end of the year. As a big issue paper also reported a reduction in income.

––––––––––––––––– ––––––––––

Finance