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Your Daily Greek Update. SAVED or not SAVED?; entered at 2012-02-08 14:02:34

Mezcal
Posts: 1832
Registered: 2007-08-04

This is bound to help.

Quote:

Budget revenues were found to be lagging by a considerable 1 billion euros in the year’s first month, provisional January data compiled by the Finance Ministry showed on Tuesday.

Revenues posted a 7 percent decline compared with January 2011, while the target that had been set in the budget provided for an 8.9 percent annual increase.

Worse still, value-added tax receipts posted an 18.7 percent decrease last month from January 2011 as the economy continues to tread the path of recession: VAT receipts only amounted to 1.85 billion euros in January compared to 2.29 billion in the same month last year.

http://www.ekathimerini.com/4dcgi/_w_art....

2012-02-08 14:02:34


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