| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Greece’s Economy Shrinks Further with Recession Plunging 7.2% in 3Q 2012
Wednesday, November 14, 2012 11:11
% of readers think this story is Fact. Add your two cents.
The Greek economy shrank 7.2% in the third quarter compared with the same period a year earlier, statistics agency Elstat has said.
That was a deeper contraction than the 6.3% fall seen in the second quarter.
Greece has been in recession since late 2008 and has been granted two bailouts from the European Union and International Monetary Fund.
Athens had been given two more years to meet deficit targets, but is awaiting its latest tranche of bailout funds. (via bbc)
2012-11-14 11:05:00
Source:
