Greece's budget deficit for 2011 will be wider than agreed during the bailouts. Minister Chrysochoids said his country could fall behind the 7.6% target by a point or so.
Apparently the minister is not impressed with the threat of a 8 billion tranche being held back next month as the "Trojka" would like to see progress and reforms being done.
Earlier today it was announced that Greece's GDP fell 7.6% in the second quarter as austerity measures had a severe impact on the economy.
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http://www.reuters.com/article/2011/09/08/eurozone-greece-deficit-idUSL5E7K83FN20110908
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