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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Wednesday, October 3, 2012

Troika sees Greek economy slumping by 5 percent in 2013: Greek source

ATHENS (Reuters) - The European Commission, European Central Bank and International Monetary Fund troika expect Greece's economy to contract by 5 percent next year, more than the government's 3.8 percent forecast, a senior finance ministry official said on Wednesday. "There is disagreement on the macroeconomic scenario, we project a recession near 4 percent, they (troika) at 5 percent," said the official who declined to be named. He said both sides were still trying to find common ground on 2.5 billion euros worth of austerity measures to be applied next year. (Reporting by Renee Maltezou)

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