Kathimerini | Greece's 2012 Budget Deficit Narrows 31 Percent to Beat Target Bloomberg In November, Greece's coalition government approved new austerity measures to obtain aid under two bailouts from the European Union and the International Monetary Fund. The IMF estimates the economy contracted 6 percent last year, the fifth year of ... Greece beats deficit targets for 2012, as primary shortfall is slashed by 46pct |