Bloomberg News

Venizelos Says No New Measures Needed If 2011 Budget Applied

December 12, 2011

Dec. 12 (Bloomberg) -- The final quarter of Greece’s 2011 budget was affected by much uncertainty, Finance Minister Evangelos Venizelos said.

“The execution of the last quarter coincided with a time of great political and social uncertainty not only at a Greek level, but also at a European and global one,” Venizelos told reporters in Athens today. “The 2011 budget is a very difficult budget as it’s the one that will allow us to return to primary surpluses in 2012.”

He said there was no need to speak of new measures in 2012 provided the 2011 budget was implemented as foreseen.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net


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