Greek 2013 Primary Deficit Beats Target

Christos Staikouras While the Greek economy shrank 5.6 percent of Gross Domestic Product (GDP) in the first quarter this year, the Finance Ministry said the primary deficit also fell as deep spending cuts offset less-than-expected tax revenues that were far off the mark despite big tax hikes. The ministry said the numbers showed the country is on target to meet fiscal targets set by ...

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