Greek recession seen deeper than 7 pct this year - PM
ATHENS, July 24
ATHENS, July 24 (Reuters) - Greece's recession may be deeper than 7 percent this year, Prime Minister Antonis Samaras said on Tuesday, estimating that the country would not return to growth before 2014.
"We will start containing the recession this year and we will be able to move onto recovery at the beginning of 2014," Samaras told a parliamentary group meeting.
Greece is in a fifth straight year of recession and blames the deeper than expected contraction for missing its tax revenue and budget deficit goals.
- Canada's parliament attacked, soldier fatally shot nearby |
- NOAA employee charged with stealing U.S. dam information
- Sweden gets two new sightings, as hunt for undersea intruder goes on
- Canada probes Michael Zehaf-Bibeau as possible suspect in Ottawa shooting: source
- Special Report: Traffickers use abductions, prison ships to feed Asian slave trade