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Greek cuts to be deeper than trailed

By: Yossel in GREECE | Recommend this post (0)
Thu, 23 Aug 12 11:27 AM | 1298 view(s)
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Greek cuts to be deeper than trailed

Dimitris Kontogiannis, FT.com

Updated 1:02 AM EDT,
Thu August 23, 2012

Total cuts will be higher than announced to compensate for tax-take losses and increased social security contributions

STORY HIGHLIGHTS

Greek government announces higher-than-expected public expenditure cuts

Greek government aiming for primary budget surplus of at least €3.6bn in 2013 and €9.5bn in 2014

Three-party governing coalition expected to survive next month's announcement on cuts

Coalition's cohesion will be severely tested if bailout program extension not approved

link-
http://www.cnn.com/2012/08/22/business/greek-financial-crisis-deep-cuts/index.html?hpt=hp_t2




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