Greece'S Economy Is Likely To Decline 5% This Year.

Greek Deputy Prime Minister and Minister of finance Venizelos said 2, Greece's economy may decline 5% this year, but the situation will improve in 2012.

At a press conference, Venizelos said that this year's economic downturn is more than expected. Greece It may be forced to adjust the target of reducing the deficit.

In view of the divergence between Greece and the European Union and the International Monetary Fund on the implementation of austerity measures, Zelos said that the discussions on the implementation of austerity measures between Greece and the European Union and the International Monetary Fund on the same day were planned, and the two sides will resume consultations in September 14th.

Venizelos believes that Greece does not need to adopt new economic austerity measures. He said that as long as the existing measures can be effectively implemented, Greece can achieve the goal of breaking away from the debt crisis. Venizelos also wants Greece. National debt The private holders participated in the national debt exchange plan to ensure the smooth implementation of the second round of rescue plan adopted by the euro zone summit in July this year.

According to Greek media reports, the European Union and the International Monetary Fund have different opinions with the Greek government about the pace of economic austerity measures, so the sixth rescue which was scheduled to be issued to Greece on 15 September. loan It may be postponed.

In May last year, the European Union and the International Monetary Fund decided to provide Greece with a total loan of 110 billion euros. However, the implementation of austerity measures in Greece should be considered before each loan was issued. In July 21st, eurozone leaders decided to give Greece another 109 billion euro loan to help Greece get rid of the debt crisis.