Bloomberg: “Give Greece a chance!” Over the past five years, Greece has turned its primary budget balance (which excludes interest payments) from a deficit of 10.6 percent of gross domestic product to a surplus of 1.5 percent -- a difference of more than 20 billion euros a year. This rare feat suggests an impressive, albeit long overdue, dedication to fiscal control. But the fiscal squeeze has hurt the economy. Greeces output has fallen by roughly a fifth and the unemployment rate stands at more than 25 percent.
Posted on: Sat, 22 Nov 2014 19:36:03 +0000
Trending Topics
Recently Viewed Topics
© 2015