Wednesday, August 10, 2011

The Socialist Greek GOVERNMENT continues to spiral out of control

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Greece’s central-government deficit widened 28 percent in the first half of the year as both revenue and spending missed targets set out in the 2011 budget plan.

The shortfall, which excludes outlays by state-owned institutions and companies, increased to 12.8 billion euros ($18 billion) from 10 billion euros a year earlier, preliminary data released today by the Athens-based Finance Ministry showed.