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Greece- second on the list of countries with debts in the EU
Region - Economy
Friday, 18 September 2009 13:18
greece.jpg Greek economy will have the first fall after 1993.


The Greek budget deficit will be double than the EU limited one, forcing the leading political party Nea demokratia to suggest saving measures and freezing the salaries, risking to lose its popularity couple of weeks before the elections.

The Greek economy will have the first drop since 1993 this year, and the lowered profit will increase the GDP deficit up to 6% which is double than the prognosis of 3.7%.

Greece right after Italy by the number of debts, and the net debts of this country reached 52.5 bill. dollars this September, which is 20% more than its GDP.
 

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