Plats för skratt om Grekland
New debt forecasts dash Greece hopes The magnitude of Greece’s fiscal challenge was painted in sharp relief yesterday as Athens unveiled new budget projections exceeding the worst-case scenarios envisioned by international lenders when they agreed an €174bn rescue eight months ago. Financial Times, October 31st, 2012 The German bloc will have to take its bitter medicine in Greece Ambrose, October 31st, 2012 Every detail of the Greek economy is worse than officially forecast just weeks ago. The budget unveiled this morning estimates that public debt will reach 189pc of GDP next year (not 179pc). The budget deficit will be 5.2pc (not 4.2pc). The economy will shrink 4.5pc next year (not 3.8pc). Unemployment is already 25.1pc and 55.6pc for youth. Just for the record: The EU-IMF Troika originally said that the economy would contract by just 2.6pc in 2010, before growing by 1.1pc in 2011, and 2.1pc in 2012. In fact Greek GDP contracted by 4.5pc in 2010, 6.9pc in 20