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Yesterday, Greece has confirmed that will fail to achieve its target of reducing the public debt, which had been established by June 2011, but has adjusted the deadline? Trying to recover the credibility of its creditors, after the introduction of new austerity measures.?
The budget 2012 includes all the new targets, which will be presented to Parliament today, was approved on Sunday evening, on the occasion of an extraordinary Council of Ministers headed by Prime Minister Georges Papandrou, during which been fixed, the delicate piano? reduction of the public sector imposed by international creditors to Greece.?
Under the plan the 2011 budget, the budget deficit of Greece will come back all8, 5% of GDP against 10.5% in 2010.?
Although this is still above allobiettivo deficit of 7.4% of GDP in the first multi-year law passed in June coach outlet store, significantly better than the projection made in early September by the troika of creditors in Athens which was established around the 9.5% of GDP, according to the press.?
The copy of the greek government and its financial projections will be examined today by the Finance Ministers dellEurozona in Luxembourg and tomorrow, Tuesday, from the EUROPEAN UNION, you will have to decide whether to pay or not the next tranche of the 8 billion euro, which is vital for the country in serious difficulty.?
Down the month of August, the government had declared that no greek? would be able to achieve debt reduction, as a result of the recession dellaggravarsi.
New austerity measures?
Inspectors of the Troika (ECB) is responsible for analyzing the country's public finances and fiscal consolidation, had asked to Athens? new measures to reduce expenses and increase revenues.?
The additional austerity measures announced for 2011? 2012 coach outlet online, equivalent to 6.6 billion euro?, said the Ministry of Finance http://www.coachfactoryoutletonlineallsale.com, yesterday.?
Among these are: the introduction of a new property tax, levied directly on electric bills, the reduction of pensions exceeding 1,200 Euros per month, labbassamento the income tax threshold from 5,000 Euros per year coach outlet store. VAT Act, which passed from September 13 to 23%.?
But the greatest difficulty represented by about 30,000 government workers who will be laid off, through the creation of a reserve of hand labor force? where they will be used for a year with 60% of their salaries to the basic salaries. Upon expiration of the year many will be permanently laid off.?
The choice will come
made according to certain parameters, such as let, people over 60 years old will be automatically included in the program.?
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Last updated 03 October 2011 at 14.10
  
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