Greece 2009 Budget Deficit Revised to 15% of GDP

Initially Greece planed a under 3% deficit, then they were reporting 6% , it was 12 % a month ago, and now its 15%.

Bloomberg story: Greek Bonds Tumble as Government Says Tax Revenue Falling Short.

Spreads wider…

Chart 1. Greece vs. Germany 10 Year Government Bond Yield Spread

This entry was posted on Wednesday, October 27th, 2010 at 8:09 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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