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Greece Focus Notes

30 March 2011
• March 24/25 EU Summit: Long-sought package of anti-crisis measures approved, but a number of important details are still to be finalized
• Final budget execution data shows sharp decline in budget revenues year-to-February; additional austerity measures worth ca €1.7bn likely to be• 2010 general government budget deficit now estimated at ca 10.2% of GDP, instead of 9.6% of GDP expected earlier• Medium-term fiscal plan deemed critical for macroeconomic stabilization
• Preparation of new privatization plan well under way
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