Greece to Unveil Austerity Measures to Meet Deficit Goals
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Greece will announce measures today to meet its deficit-reduction goals after the country’s bond yields hit new highs amid talk it may restructure its debt.
The government’s medium term-fiscal policy plan will detail more than 22 billion euros ($31.9 billion) of deficit-reduction measures through 2014, most of them in spending cuts, according to Finance Minister George Papaconstantinou. The government is also expected to unveil plans to raise 15 billion euros by 2013 through state-asset sales.