Revised Greek deficit figures cause outrage

Senior EU financial personalities expressed deep concern, bordering on amazement, on Monday night (19 October) over recently revised Greek deficit forecasts.

At a Luxembourg meeting of the euro area's 16 finance ministers, Greek minister George Papaconstantinou from the newly elected Socialist government gave a presentation on his country's shaky situation.

Forecasts released earlier this year by the former centre-right government predicted a deficit of 3.7 percent of GDP for 20...