| Author (Person) | Kontogiannis, Dimitris |
|---|---|
| Series Title | Financial Times |
| Series Details | 5.10.10 |
| Publication Date | 05/10/2010 |
| Content Type | News |
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Greece unveiled an ambitious draft 2011 budget on the 4 October 2010 aiming to slash its budget deficit to 7.0% of gross domestic product in 2011, deeper than the 7.6% goal agreed with the European Commission, the ECB and the IMF and aimed at securing a return to the bond market at some point in the year. The new targets would require new taxes and a higher rate of VAT, going beyond the cuts already announced in 2010. The aim would be to convince investors that Greece's finances were under control. |
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| Countries / Regions | Greece |
