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The latest data shows continued deterioration in Greek tax revenue, income taxes collected...

Dec. 29, 2011 3:07 PM ETGREKBy: Stephen Alpher, SA News Editor17 Comments
The latest data shows continued deterioration in Greek tax revenue, income taxes collected through November coming in 9.3% less than last year, suggesting the budget deficit will balloon above 10% of GDP. The Finance Ministry has alerted all state organs not to spend a euro above their budgets and that they should not take for granted even budgeted funds will show up in their bank accounts.

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