quinta-feira, 30 de dezembro de 2010

Greek PM says 2011 will be last year of recession


(CNN) -- Greek Prime Minister George Papandreou sought to calm the nation's economic jitters for 2012 in his address to his cabinet Wednesday.
"The government's goal for 2011 is to be the last year of recession, while 2012 will be the year when economic growth will be launched so that in 2013, everything that led us to the crisis will be left behind," he said, according to the Greece's official Athens News Agency.
"This past year, the Greek people have been tested as never before," Papandreou said in the final cabinet meeting of 2011.


Greece's economy has suffered a severe blow after it was revealed early this year that the country's budget deficit was more than twice as big as forecast.


In May, the European Union and the International Monetary Fund agreed to a three-year, 110-billion-euro bailout package to save Greece from financial default. CNN