Bloomberg News

Venizelos Says Greece’s 2011 Budget Targets Are Feasible

December 14, 2011

Dec. 14 (Bloomberg) -- Greek Finance Minister Evangelos Venizelos said the fiscal targets set out in the 2011 budget are feasible and that the country’s banking system is “completely guaranteed.”

“We can be close to the targets of the 2011 budget,” Venizelos said at a conference in Athens today. “Income is difficult but we have achieved good results from the new real estate tax and I’m confident we’ll meet the revenue target. While hard, Greeks are paying out of a sense of duty.”

Venizelos said “deposits need to come back to Greece” and set it as a priority. “The banking system is fully guaranteed so there is no need to leave funds abroad,” he said.

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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