Greek economy 'to worsen' in 2010 says central bank

Greece's economy is in a "vicious circle" and will contract more severely than the government says, according to the country's central bank.

The Bank of Greece (BoG) said economic output in 2010 will fall by 2%, worse than the government's prediction of between 1.2% and 1.7%.

BoG says the recession will be worse due to planned public spending cuts.

The report comes ahead of a European Union summit which may discuss Greece's economic crisis.

Read Full Article from BBC News

- Posted: 2010-03-22 10:59:11

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