Greece Seeks to Save another 2% of GDP and Euro Yawns
Marc Chandler
March 03, 2010
As widely expected, Greece announced another package of savings, roughly split between tax hike and spending cuts, that projects to save another 4.8 bln euros, which is roughly 2% of GDP. The measures are harsh, but it is still too soon to expect Europe to provide anything but verbal support and solidarity. Nor can there be any money forthcoming f…
Greece Seeks to Save another 2% of GDP and Euro Yawns
Reviewed by Marc Chandler
on
March 03, 2010
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