Latest political and macro developments | Eurobank
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Latest political and macro developments

• Greek parliament approves key medium-term fiscal plan
• Approval of MTFP’s implementation legislation expected later today
• Additional measures agreed with official lenders last week to close a €3.8bn projected gap in 2011 fiscal accounts
• Year-to-May state budget deficit overshoots official target
• Reporting of general government accounts improves; problems remain with respect to the coverage of outstanding arrears